The S&P 500 Futures is facing consolidation after they closed mixed yesterday.
Later today, April U.S. Consumer price index (-0.8% on expected month) the government’s monthly budget balance ($ 737.0 billion projected deficit) and the National Federation of Independent Businesss Small Business Optimism Index (Expected 84.0) is reported.
The European indices are facing consolidation. On the economic front Banque de France’s industrial business climate index came out 48 in April, compared to 52 in March (revised from 51) and 40 expected by economists. The institution reported that economic activity in France fell by 27% in April, which is a slight improvement on the decrease observed in March.
Asian indexes closed down. China’s CPI rose 3.3% year-on-year in April (+ 3.7% expected, + 4.3% in March), while PPI was down 3.1% (-2.5% expected, -1.5% in March), according to the government. The Chinese government will also introduce a partial ban on meat imported from Australia.
WTI Futures for Crude Oil is on the up. Saudi Arabia says it will pump 7,492 M b / d of crude in June, reaching its lowest level in 18 years. Later today, the API releases the change of U.S. oil storage data for May 8.
Gold rose $ 5.9 (+ 0.35%) to $ 1703.83, company over $ 1700, as investors fear another wave of COVID-19 infections.
The US dollar is weakly consolidated after hitting a two-week peak. EUR / USD rose 36 pips to 1.0843, while GBP / USD rose 23 pips to 1.2358.
Snapshot of American capital
PNC Financial Services Group (PNC) announced its intention to sell its investments in Black Rock (BLK) through a registered offer and related buyback of BlackRock. PNC currently owns 34.8 million Series B common and preferred shares in BlackRock, representing 22.4% ownership. Blackrock intends to buy $ 1.1 billion of common stock directly from PNC.
Tesla (TSLA) CEO Elon Musk announced a resumption of production at its California plant, which is at odds with local government. He said: “If anyone is arrested, I pray that it is only me.”
Duke Energy (DUK), the energy company, reported first-quarter adjusted EPS down to $ 1.14 from $ 1.24 a year earlier on operating revenue down 3.5% to $ 5.95 billion. The company maintained its full-year EPS forecast.
International flavors and scents (IFF), a maker of food flavors and flavors, jumped after hours of revealing EPS in the first quarter up $ 1.62 from $ 1.57 a year ago on sales up $ 1.4 billion from 1.3 billions of dollars a year earlier. These numbers beat estimates.