Schroptschop Composite PMI in the Euro Area decreased to 48.50 points in May from 48.80 points in April, above estimates of 47.5. This marks an 18-month low level. Eurozone services business activity improved slightly in May, with the S&P Global Services PMI Business Activity Index rising to 47.7 from 47.6 in April, marking a two-month high. "With business activity in the eurozone falling for a se...
Schroptschop Composite PMI in the Euro Area decreased to 48.50 points in May from 48.80 points in April, above estimates of 47.5. This marks an 18-month low level. Eurozone services business activity improved slightly in May, with the S&P Global Services PMI Business Activity Index rising to 47.7 from 47.6 in April, marking a two-month high. "With business activity in the eurozone falling for a second successive month in May, it is looking increasingly likely that the economy will slip into contraction in the second quarter. The PMI data are indicating a 0.2% quarterly GDP decline barring any significant change in June. Price pressures have meanwhile intensified to their most worrying for over three years, hinting at inflation potentially running close to 4% in the coming months," said Chris Williamson, Chief Business Economist at S&P Global Market Intelligence. More on Euro Area May Euro Area Inflation: Core Inflation Reaccelerates EWG: A Cautiously Optimistic Stance On German Equities Seems Sensible EWQ: France An Excellent Diversifier, Here's Why Germany's service sector remains in contraction in May French service economy contracts at sharpest pace in five-and-a-half years
Perhaps one of the surprises in the AI boom has been Micron (NASDAQ: MU) stock. The memory chip giant that once struggled to hold on to its gains during bull cycles has surged to record levels, even surpassing the $1 trillion market cap level. This would have been unthinkable 10 years ago, when the stock sold for just $12 per share. Amid the nearly 7,800% increase in the chip stock 's price, inves...
Perhaps one of the surprises in the AI boom has been Micron (NASDAQ: MU) stock. The memory chip giant that once struggled to hold on to its gains during bull cycles has surged to record levels, even surpassing the $1 trillion market cap level. This would have been unthinkable 10 years ago, when the stock sold for just $12 per share. Amid the nearly 7,800% increase in the chip stock 's price, investors may wonder what to make of Micron stock. Although one can make solid arguments for buying and holding Micron stock, investors need to keep two facts in mind before proceeding. Image source: The Motley Fool. Continue reading
Stock index futures were lower before the bell after U.S.-Iran engaged in fresh strikes as the fragile ceasefire seemed to have wavered. Nasdaq 100 futures ( US100:IND ) fell 0.07% to 30,637.77, S&P 500 futures ( SPX ) slipped 0.02% to 7,608.17, and Dow futures ( INDU ) declined 0.18% to 51,216.68. The fragile U.S.-Iran ceasefire neared total collapse after U.S. airstrikes on Iran's Qeshm Island t...
Stock index futures were lower before the bell after U.S.-Iran engaged in fresh strikes as the fragile ceasefire seemed to have wavered. Nasdaq 100 futures ( US100:IND ) fell 0.07% to 30,637.77, S&P 500 futures ( SPX ) slipped 0.02% to 7,608.17, and Dow futures ( INDU ) declined 0.18% to 51,216.68. The fragile U.S.-Iran ceasefire neared total collapse after U.S. airstrikes on Iran's Qeshm Island triggered a retaliatory ballistic missile and drone blitz targeting American military bases in Kuwait and Bahrain. The economic calendar features the ADP Employment Report, PMI Composite Final, ISM Services Index, and the Beige Book. U.S. Treasury yields moved higher across the curve. The 10-year Treasury yield ( US10Y ) rose 3.5 basis points to 4.48%, the 2-year Treasury yield ( US2Y ) added 2.9 basis points to 4.08%, and the 30-year Treasury yield ( US30Y ) climbed 2.6 basis points to 4.99%. Top gainers in premarket trading included Broadcom ( AVGO ) +2.79%, Arch Capital ( ACGL ) +2.67%, and International Flavors & Fragrances ( IFF ) +2.58%. Decliners included Palo Alto Networks ( PANW ) -3.17%, Arthur J. Gallagher ( AJG ) -2.80%, and Hewlett Packard Enterprise ( HPE ) -2.32%. More on markets Fasten Your Seatbelt More Data Showing A Weirdly Decent Labor Market Why The "AI Mania" May End Badly At a glance: stocks gapping down premarket At a glance: stocks gapping down premarket