21:43:29
The S&P 500 is poised to enter a bull market, up 20 percent from its October low.
21:41:30
Deutsche Bank expects the Fed to hike rates one more time in July, bringing the terminal rate to 5.3%.
21:35:00
The final Markit Services PMI for May in the US will be released in ten minutes.
21:33:30
U.S. energy stocks rose, with Marathon Oil (MRO.N) up 3.2%, ConocoPhillips (COP.N) up nearly 2% and Exxon Mobil (XOM.N) up 1.2%.
21:31:13
ECB President Lagarde: The ECB is starting to see the impact of policy tightening on the economy.
21:30:36
ECB President Christine Lagarde: The ECB will take the necessary measures to achieve the 2% inflation target.
21:30:16
U.S. stocks opened, with the Dow, S&P 500, and Nasdaq all opening close to flat. Shares of Apple (AAPL.O) hit a record high and Tesla (TSLA.O) rose 1.84%.
21:19:57
Oil loadings at western Russian ports hit their highest level in four years in May, Refinitiv data showed.
21:10:16
UniCredit Bank CEO: Rising deposit costs will become resistance.
21:09:56
Deutsche Bank lowered its UK GDP growth forecast to 0.4% in 2024, from a previous forecast of 0.8%.
21:09:04
UniCredit CEO: We may see a rapid slowdown in euro zone inflation.
21:08:27
The CEO of UniCredit Bank said that the EU economy has not yet been hit by the expected impact.
21:07:50
European gas futures rose as much as 20% on expectations of higher demand in Asia.
21:07:00
ECB President Lagarde: So far, financial stability has shown great resilience.
21:06:40
Deutsche Bank lowered its 2024 GDP forecast for the euro zone to 0.5% from 1% previously.
21:06:26
European Central Bank President Lagarde: Interest rate hikes are being strongly transmitted to financing conditions.
21:06:08
Lagarde, President of the European Central Bank: It is expected that the impact of monetary policy tightening on real economic activity and inflation will increase in the next few years.
21:05:52
ECB President Christine Lagarde: The full effects of our monetary policy measures are starting to be felt.
21:05:31
ECB President Christine Lagarde: Decisions will continue to be based on our assessment of the inflation outlook, taking into account developments in economic and financial data, the dynamics of underlying inflation, and the strength of monetary policy transmission.
21:04:56
ECB President Lagarde: Wage pressures have intensified further.