SPX 500

U.S. stocks are set for a quiet open with little change on Monday ahead of a week packed with economic data and earnings from big tech. Trade policy developments also remain in focus. Last week, stocks rallied in hopes of a de-escalation in the US-China trade war, but there is still a lack of clarity. This week, big tech earnings, US GDP, core PCE, and NFP are all in focus.

The ‘Black Monday’ calls were only a few weeks ago but bulls have since made a strong move off the April lows.

U.S. stocks are broadly unchanged amid ongoing China-U.S. trade uncertainty. However, a slight tone softening from both sides means stocks are set to rise across the week. Alphabet is rising after its quarterly earnings beat forecasts.

Over the past two trading sessions, the S&P 500 has gained more than 5%, with the price now holding steadily above the 5,300-point level. This renewed bullish bias in the index has been primarily driven by recent comments from President Trump, which point to a possible easing in trade tensions with China.

Trump can certainly talk the talk, but can he also walk the walk? Until he does that, we will remain cautious on our S&P 500 forecast.

Concerns about a deteriorating growth outlook amid trade war risks means the S&P 500 outlook is remaining not so certain. Another choppy week could be ahead of us, as attention turn to more company earnings.

After a choppy week, global markets were showing signs of stabilisation first thing this morning, although at the time of writing global indices were coming off their best levels.

U.S. stock indices are falling on Wednesday, with Nvidia acting as a drag after US controls on chip exports to China, in the latest development of the U.S.-China trade war. US retail sales beat forecasts +1.4% MoM. Federal Reserve Chair Jerome Powell will speak later.

It’s been a big week across markets and there are still several macro setups of interest as we approach the Thursday ECB meeting.

U.S. stocks are set to open higher on Monday as investors cheered Trump's exclusion of electronics from steep reciprocal trade tariffs on China. However, Trump did warn of more tariffs on the chip sector,

U.S. stocks are opening lower as investors asses the latest developments surrounding trade tariffs after China raised its levies on the US to 125%. US earnings kick off earnings season. JP Morgan rises after besting earnings and revenue forecasts.