- Futures on US and European indices slightly loses on Wednesday morning
- US May CPI data in focus on Wall Street (12:30 PM GMT)
- Markets await for results of US – China trade talks amid positive signals from Trump’s delegation
Sentiments on global equity markets signals slightly risk-hedging, with global indices posting decline ahead of the key macro report of this week – the US CPI report. Market expectations suggest that price pressure across the US economy will slightly rise. After the bell on Wall Street, US tech giant Oracle will show the quarterly earnings report, closing ‘tech’ earnings season. Oracle shares rebounded almost 40% since April lows at $120 per share.
Economic calendar
12:30 PM GMT, US – CPI report for May: exp. 2.4% YoY vs 2.3% in April (0.2% MoM, in line with previous reading)
- Core CPI: exp. 2.9% YoY vs 2.8% previously (0.3% MoM vs 0.2% previously)
2 PM GMT, US Treasury Secretary, Scott Bessent testifies in Congress
2:30 PM GMT, EIA Oil & gasoline inventories change. Expected. -2.6M barrels Previously -4.3M barrels
- Gasoline inventories: awaited 0.7M barrels vs 5.2M previously
08:05 PM GMT, Oracle (ORCL.US) earnings report
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
