• Mon: $WMT 'Deals' Day
• Tues: Powell Testimony, Yellen Testimony
• Wed: Powell Testimony; $AMZN AWS Summit
• Thurs: CPI Inflation, Jobless Claims; $DAL $PEP Earnings⚠️
• Fri: PPI Inflation; $JPM $C $WFC Earnings⚠️
- European stocks rose as initial nerves about the outcome of France’s election led to optimism politicians can form a more moderate coalition keeping the far right at bay.
- Contracts on the S&P 500 and Nasdaq 100 were little changed, while Europe’s benchmark Stoxx Europe 600 benchmark climbed 0.4%.
- Bitcoin fell with other cryptocurrencies due to concern over possible sales of the token by creditors of the failed Mt. Gox exchange📉
- In China, the central bank sought take more control of market interest rates by announcing additional open market operations and tightening the band within which short-term rates can fluctuate.
- The June consumer price index, which will be released Thursday, could bolster those hopes if the headline number shows a slight improvement, as currently expected.
- Last week, labor data reflected a slightly cooling labor market, spurring expectations of a rate cut.
- A slew of major banks, including Citigroup and JPMorgan Chase, will kick off second-quarter earnings season this week.
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