📰 Key Events This Week: 📰
🚨U.S. CPI Inflation - Tuesday
🚨U.S. PPI Inflation - Thursday
🔶U.S. Unemployment Claims - Thursday
🔶U.S. Retail Sales - Friday
🔶UMich Consumer Sentiment - Friday
🔶UMich Inflation Expectations - Friday
- Stocks erased gains as traders dialed back optimism that a summit between US President Donald Trump and Russia’s Vladimir Putin would bring the war in Ukraine closer to a resolution.
- S&P 500 futures were little changed after the index ended Friday just shy of a record high. Europe’s main equity benchmark was also flat, having earlier risen as much as 0.4%.
- Bitcoin approached an all-time high, supported by strong demand from institutional investors and corporate buyers, which are helping to lift the entire cryptocurrency market📈
- Markets initially found some reassurance in renewed diplomatic efforts to end the war in Ukraine, with Trump and Putin set to meet in Alaska on Friday, even as Ukrainian President Volodymyr Zelenskiy continues to reject ceding land.
- Traders are also awaiting US inflation data on Tuesday to gauge the impact of tariffs on prices.
