Up Next Euro area private sector PMIs will influence market risk sentiment in the mid-morning session. However, the ECB monetary policy decision and p
Up Next
Euro area private sector PMIs will influence market risk sentiment in the mid-morning session. However, the ECB monetary policy decision and press conference will likely have more impact on the markets.
US economic indicators will influence the afternoon. US jobless claims, unit labor costs, and nonfarm productivity will be in focus. Weak labor market numbers would fuel bets on an end to the Fed monetary policy tightening cycle.
According to the CME FedWatch Tool, the probability of a 25-basis point June interest rate hike rose from 0% to 17.7% on Wednesday.
US corporate earnings, the banking sector, and US Government debt ceiling-related news will also move the dial. Big names on the US earnings calendar include Apple (AAPL), ConocoPhillips (COP), Shopify Inc. (SHOP), and Moderna (MRNA)
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