From Yahoo Finance: 2024-06-11 01:56:21

European stock futures rose slightly as traders look ahead to US inflation data and the Fed’s upcoming decision. European markets fell after Macron’s legislative defeat, while Chinese shares dropped due to concerns over the property sector. Fed expected to keep rates steady, with speculation on future cuts. Oil gains, gold drops, Apple stumbles.

Wall Street warns investors of potential stock-market jolt post-Fed rate decision. Uncertainty on Fed’s rate projections, with economists split on expected cuts. Market also awaits Bank of Japan decision. Oil holds gains ahead of OPEC report, gold retreats, copper and iron ore prices decline.

S&P 500 hits record high, Nvidia begins trading after split, while Apple slides despite AI features. Elon Musk raises security concerns over OpenAI integration. More than 60% expect US stocks to outperform Treasuries. Corporate news includes legal challenges for Dexin China Holdings and activist call for change in Southwest Airlines leadership.

Upcoming key events: China PPI, CPI; Germany CPI; US CPI, Fed rate decision; G-7 summit; Eurozone industrial production; US PPI, jobless claims; Tesla annual meeting; Bank of Japan policy decision; Fed President speeches; US consumer sentiment data. Market moves include mixed stocks, stable currencies, falling cryptocurrencies, changed bond yields, and fluctuating gold prices.



Read more at Yahoo Finance: European Futures Rise Ahead of Key US Indicators: Markets Wrap