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European Stocks Slip As UK Inflation Accelerates, Central Bankers Remain Hawkish

By Piero Cingari
May 24, 9:27 AM
Negative news flows are trickling out of Europe ahead of Wall Street's opening bell on Wednesday. All European stock indices traded deeply in the red, as investors panicked after a fresh acceleration of inflation in the U.K. and a deadlock in U.S. debt limit discussions.

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What To Watch When FOMC Minutes Drop: Pain For Stocks, Bonds Looms If Market Expectations Diverge With Fed Reality

By Piero Cingari
May 23, 12:34 PM
The Federal Reserve will release the minutes Wednesday of the May FOMC meeting, at which policymakers hiked the policy rate by 25 basis points to 5-5.25% and signaled they were shifting to a data-dependent approach.<

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Manufacturing Crashes Further While Services Boom: What You Need To Know About Latest US PMI Data

By Piero Cingari
May 23, 10:49 AM
The latest Purchasing Managers' Index (PMI) survey from S&P Global showed Tuesday that business activity in the United States reached its highest level in 13 months in May, rising to 54.5 and indicating expansion, although the gap between manufacturing and services continues to widen.

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