EU Opening

Written on 05/22/2023


Key Global Events

Negotiations continue on the U.S. debt ceiling. 
Secretary Janet Yellen in case of no agreement by June 1 will have to decide which spending items not to pay.
Dividend day today. More than 50 companies take out coupons in the stock market.
New Zealand's central bank on Tuesday will release its decision on raising the interest rate, expected to rise 25 basis points to 5.50 %.
Mixed start for European stock markets the first session of the week. Old Continent's stock markets leave behind a week that closed higher with the DAX jumping to all-time highs. Milan's FTSE MIB -1.09%, Paris' CAC -0.25%, Madrid's IBEX +0.23%, London's FTSE +0.20%. Wall Street futures also trade mixed following the European wake. Dow Jones -0.18%, S&P500 -0.12% and Nasdaq +0.05%.

Forex & Commodities

The U.S. dollar is climbing again today after retracing on Friday. The EURUSD cross trades -0.04 % at 1.0804. Cable trades +0.12 at 1.2424. Commodities trade lower this morning. Oil prices give up some of last week's gains after ending their fourth consecutive weekly decline. Oil trades above $71 a barrel today (-0.68 %). Gold trades at 1977 dollars (-0.23%).

Index

Markets in Asia traded upward with investors' eyes turned to the new meeting between Biden and Republican Speaker McCarthy to try to reach an agreement. The benchmark index, Tokyo's Nikkei touches highs since 1990 and closes up 0.90 percent. China's Hang Seng index trades at 19,431 gaining +1.25%.