From Yahoo Finance: 2024-05-09 06:30:35

Stock markets around the world are closely watching China’s economic recovery and the upcoming Bank of England policy decision. Chinese exports and imports grew in April, boosting hopes of stimulus measures taking effect. The US overtook China as Germany’s top trading partner in Q1. Tech sector tensions between the US and China continue, affecting companies like Intel. Fed officials remain cautious about raising interest rates. The Bank of England’s decision and sterling are in focus, while Spanish bank Sabadell jumped 6% after a takeover bid by BBVA. Key events for US markets today include the Bank of England policy decision, US weekly jobless claims, and corporate earnings reports. Turkey’s President is also visiting the US, and the US Treasury will auction $25 billion of 30-year bonds.



Read more at Yahoo Finance: China trade heats up, UK rates in view