May,9/2022 12:58:05 PM GMT
Here is what you vital to watch for on Monday, May 9:
Equity markets finished little changed on the week last week despite some wild swings. Friday saw a pretty in-line employment report met with a relief rally, then some renewed selling before some position closing after a hectic week saw the main indices markup modest losses.
The energy was again the standout performer, with tech remaining back of the class. After it all the S&P 500 was barely changed for the week even though it felt significantly worse. This week will start off possibly on a calmer note until Wednesday’s US CPI number. Bond yields will then dictate what the equity market does thereafter.
The dollar meanwhile is little changed at 103.51 for the dollar index. The dollar had gone on a charge to 20-Year highs in Europe but has retreated. Oil is lower after a strong rally last week on more Russian oil bans and is at $107 now. Bitcoin is lower again at $33,000 and Gold is at $1865.
