5/28/2021 2:24:05 AM GMT | By Anil Panchal
S&P 500 Futures struggle to extend gains, wobble around intraday top.
US President Biden’s budget proposal, Yellen’s favor to Fed back risk-on mood.
Japan’s extension to virus-led emergencies and Victoria’s lockdown mostly ignored.
US PCE inflation data, budget release will be the key.
S&P 500 Futures stay firmer around 4,215, up 0.38% intraday, during early Friday. In doing so, the risk barometer cheers the hopes of further stimulus and fading inflation fears amid a quiet Asian session. However, cautious sentiment before US budget release and Core Personal Consumption Expenditure (PCE) Price Index for April probe the bulls.
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