Wednesday, 1 June 2022

S&P 500 Sags as Strong US Manufacturing Data Sparks Surge in Treasury Yields

The S&P 500 falls for a second straight day as strong US manufacturing data increases the likelihood that the Fed will have to continue to front-load hikes to cool demand and curb inflation.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...