From Investing.com: 2025-05-16 04:43:00

Asian stocks had a mixed session as US Futures struggled, with concerns about the US-China trade deal reigniting risk appetite. US data showed a decline in consumer confidence, with the index dropping to its lowest since October 2024. Small businesses are also feeling pessimistic about future business conditions. Japanese economy shrank for the first time in a year, adding to global slowdown worries. European government bond yields fell, while the Eurozone Index and Gold prices saw modest gains. Traders sold the US Dollar, causing it to drop against major currencies. The US Michigan Consumer Sentiment release could impact sentiment in the US session. DAX Index had a positive start, eyeing the 24000 handle.

Source: LSEG, OANDA Labs, MarketPulse



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