Today’s decline in the WEI for the week of May 2 is driven by decreases in steel production and retail sales, as well as a small drop in consumer confidence. The upward revision of the WEI for the week of April 25 is a result of the decline in this morning’s staffing index release being less negative than previously available data.
Daily summary 📈 Precious metals and stock indices rebound as Treasury yields fall
U.S. indices attempt to rebound after recent losses
US Open: Nasdaq 100 extends losses 🚩 AI stocks under pressure, CoreWeave falls 8%
Hot inflation data from the US🔥📈 PPI and retail sales are rising!