FactSet U.S. Daily Market Preview FactSet
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StreetAccount U.S. Daily Market Preview is FactSet's daily podcast aiming to bring listeners up to speed with financial markets information on the day to come as quickly as possible. With a target time of ~5 minutes and a publish time of ~5:00 ET, this is an ideal listen prior to market open.
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Financial Market Preview - Thursday 23-May
US futures are pointing to a higher open today. European equity markets have opened mostly in the positive territory, following mixed levels in Asian markets. May FOMC minutes noted disinflation likely to take longer than previously expected and discussion about maintaining current restrictive stance for longer. Also willingness to tighten policy further, should more inflationary pressures materialize. Markets now back to pricing in 1~2 rate cuts in 2024.
Companies Mentioned: Nvidia, McEwen Mining, Timberline Resources, Moderna, Pfizer, Live Nation Entertainment -
Financial Market Preview - Wednesday 22-May
US equity futures are broadly unchanged as of 04:45 ET. This follows mixed markets in Asia, whilst European equity markets have opened lower. Focus in Europe on UK inflation data, which eased sharply to 2.3% in April, but above the Bank of England’s forecast and services prices remain sticky. FOMC minutes due out later today, with previews noting a potential for a hawkish tilt, echoing recent Fedspeak that has pushed a higher-for-longer messaging on rates.
Companies mentioned: Snowflake, Schneider Electric, Bentley Systems, Panasonic, Tesla -
Financial Market Preview - Tuesday 21-May
US futures are pointing to a very slightly higher open today. European equity markets have opened in the negative territory, following lower levels in Asian markets. No fresh catalysts for markets as investors awaiting FOMC minutes to gauge timing and extent of possible rate cuts this year. Latest Fedspeak highlighted bumpy inflation, with comments from Fed officials signaling continued caution on interest rate policy. Prospects for European markets remain positive.
Companies Mentioned: Phillips 66, Suzano, International Paper -
Financial Market Preview - Monday 20-May
US futures are indicating a higher open today. European equity markets have opened in the positive territory, following advanced levels in Asian markets. Market sentiment remains bullish for risk assets amid hopes for US soft landing. Central bank comments in Europe leaning dovish in the meantime with summer rate cuts seeming likely. Speculation around timing of BOJ rate hike continues with Nikkei discussing potential of July increase.
Companies Mentioned: United States Steel, Nippon Steel, Paramount Global, Sony Pictures Entertainment, Apollo -
Financial Market Preview - Friday 17-May
US equity futures are broadly unchanged as of 04:45 ET. This follows mixed markets in Asia, whilst European equity markets have opened lower. Investors' optimism after the US inflation data release has been dampened by the Fed's signal to keep interest rates higher for an extended period. Markets are fully discounting a Fed rate cut in November, with a 68% chance of a cut in September, the same situation seen ahead of US CPI.
Companies mentioned: Tesla, Snowflake -
Financial Market Preview - Thursday 16-May
US equity futures are broadly unchanged as of 04:45 ET. This follows mostly higher markets in Asia, whilst European equity markets have opened lower. Markets overnight have continued to react to the cooler-than-expected US CPI print, which has put renewed impetus behind the disinflation narrative following a recent run of hot prints. The Australian market reacted dovishly to employment data showing a surprise jump in the unemployment rate.
Companies mentioned: Paramount Global, Amazon, Shein, Pfizer, Siemens