RE: Europe in the green premarket after Wall Street's rebound14 May 2021 08:41
As I type... Asia following US markets tick back up, Europe futures follow and US futures up, US futures up again. Consensus remains US inflation transitory. No one suggesting the FED start to look at rising rates, but the numbers strength does call in question as to whether the FED needs to buying as many bonds as it is currently on a monthly basis. US data for day (13:30)- Retail Sales Numbers for April, provides more insight. Elon Musk comments hampered crypto, and as mainly retail based, lemmings dominated as normal. Gold up at USD ~1831 as I type. Happy Friday All- especially after the amazing win last night.