EU Opening

Written on 05/29/2023


Key Global Events

Cautious day today. U.S. stock markets will remain closed to celebrate Memorial Day. 
Over the weekend the first agreement on the U.S. debt ceiling seems to have arrived. Biden reported that it is a first deal, compromise needs to be found. Wednesday there will be a green light from the House.
Positive start for European stock markets. Milan's FTSE MIB +0.41%, Paris' CAC +0.14%, Madrid's IBEX +0.76%, London's FTSE +0.74%. Wall Street futures follow the European wake and trade higher. Dow Jones +0.32%, S&P500 +0.41% and Nasdaq +0.60%.

Forex & Commodities

The EURUSD cross trades +0.20% at 1.0740. Cable trades +0.24% at 1.2370. Energy and metal prices up this morning. Oil trades around $73.21 a barrel (+0.73%). Gold trades at 1964 dollars (0.08%).

Index

Asia's markets traded mixed the first session of the week. The benchmark index, Tokyo's Nikkei closes at the highest since 1990 recording + 1.03%. China's Hang Seng index trades at 18,630 giving up -0.61%.

Global Macroeconomic Data 
US - USA - Wall Street will remain closed because of Memorial Day.