- Futures on US and European indices slightly loses on Wednesday morning
- US May CPI data in focus on Wall Street (12:30 PM GMT)
- Markets await for results of US - China trade talks amid positive signals from Trump's delegation
Sentiments on global equity markets signals slightly risk-hedging, with global indices posting decline ahead of the key macro report of this week - the US CPI report. Market expectations suggest that price pressure across the US economy will slightly rise. After the bell on Wall Street, US tech giant Oracle will show the quarterly earnings report, closing 'tech' earnings season. Oracle shares rebounded almost 40% since April lows at $120 per share.
Economic calendar
12:30 PM GMT, US - CPI report for May: exp. 2.4% YoY vs 2.3% in April (0.2% MoM, in line with previous reading)
- Core CPI: exp. 2.9% YoY vs 2.8% previously (0.3% MoM vs 0.2% previously)
2 PM GMT, US Treasury Secretary, Scott Bessent testifies in Congress
2:30 PM GMT, EIA Oil & gasoline inventories change. Expected. -2.6M barrels Previously -4.3M barrels
- Gasoline inventories: awaited 0.7M barrels vs 5.2M previously
08:05 PM GMT, Oracle (ORCL.US) earnings report
Daily summary: Silver plunges 9% ๐จIndices, crypto and precious metals under pressure
BREAKING: US jobless claims slightly higher than expected
Economic calendar: US Jobless Claims and ECB Speeches to Offer Markets Breathing Room (12.02.2026)
BREAKING: Pound frozen after lower-than-expected GDP data from UK ๐ฌ๐ง ๐
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