Cautious optimism | MarketTalk: What’s up today? | Swissquote
The week starts with a relief rally in equities following a calm weekend on the geopolitical scene. The US 2-year yield pushes above 5% ahead of US GDP and PCE updates. Four of Magnificent 7 are due to report earnings this week.
US crude kicks off the week under selling pressure, near the $81.50pb level. The US 2-year yield has been testing the 5% level since 10th of April and looks ready to go above this week.
The S&P500 had their worst week in over a year after less-than-ideal ASML and TSM results hammered appetite in chip stocks last week....