Beat the street: Key May US inflation data in line with expectations; Nike; Trump vs Biden
US stocks are expected to open higher after a key inflation reading was broadly in line with expectations in May. Trump-related stocks rise in premarket after first presidential debate.
Plus, Nike forecasts a surprise drop in fiscal 2025 revenue.
(AI Video Summary)
US election impacts on stocks
Angeline Ong from IGTV discusses key market dynamics ahead of the trading session in "Beat the street", focusing on the PCE data, US election impacts on stocks, and notable corporate forecasts like Nike's unexpected revenue drop for fiscal 2025. The PCE print, closely monitored by the Fed, showed slightly higher personal income but aligned core PCE numbers. Markets showed minimal immediate reaction, maintaining previous trends.
NVIDIA and Tesla shares
Market watchers are also keeping an eye on major stocks like NVIDIA and Tesla, significant forex pairs, and upcoming key U.S. and global elections, which could influence market volatility and investment decisions.
Additionally, significant corporate updates and international economic indicators are gearing up to potentially stir market trends and investor strategies.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Forex
- Shares
- Indices
