It will be Memorial Day on Monday, so the US will observe a long weekend in the coming days. With US markets out, that might make for a bit less of an interesting start to the new week come next week. But fret not, volatility should resume quickly with month-end trading in focus on Tuesday.
Scheduled for 1135 GMT (7.35am US ET), Lane is a participant in a policy panel discussion at the 2022 BOJ-IMES Conference: “New Dimensions and Frontiers in Central Banking” organised by the Bank of Japan (BOJ) and the Institute for Monetary and Economic Studies (IMES) of Bank.
There have been plenty of remarks from the ECB this past week and more about imminent rate hikes (July the linkely meeting) – keeping ears open from any more from Lane later today.
June and July meeting dates highlighted below with the arrows:
Senators Tom Cotton, Marco Rubio and Mike Braun are set to introduce the bill to stop US app stores from hosting any app that supports payments with China’s digital yuan, saying Beijing could use it to spy on US citizens.
Cotton says said the digital yuan could give the Chinese government “real-time visibility into all transactions on the network, posing privacy and security concerns for American persons who join this network.”
Overnight item from Reuters ICYMI, conveying remarks from Russian Deputy Prime Minister Alexander Novak reported by the country’s state-run news agency RIA:
The major indices US indices are closing higher. The Dow industrial average is on a 4 day winning streak. The NASDAQ and S&P are up 3 of the last 4 trading days. For the week, all the major currencies are higher and looking to snap multiweek losing streaks. The Dow has been down 8 straight weeks. The NASDAQ and the S&P have been down 7 straight weeks.
The final numbers are showing:
Nvidia which fell over 11% after announcing earnings last night closed higher by $8.76 or 5.16%.
Other big winners today:
Losers today included:
The major European stock indices closed near high levels and up solidly on the day.
The Spain’s Ibex traded to the highest level since February 10 and move within a few points of the high for 2022 in the process.
The closing levels are showing:
Looking at the hourly chart of the Spain’s Ibex, the price moved into a topside swing area ceiling between 8863.1 and 8912.20. A move above the upper extreme would take the price to the highest level in 2022 (and the highest level since November 19, 2021).
Malpass was speaking at an event hosted by the U.S. Chamber of Commerce on Wednesday. Sai:
Info comes via Reuters article, link here for more. These are not fresh concerns.
