ECB's Simkus says in September, will have new projections for a broader assessment of economy; downplays economic impact of 25bp, even of 50bp of tightening over course of 2026
Toyota (7203 JT) halts development of next-generation EV, Jiji reports; due to the sluggish global EV market, co. will temporarily shift its resources to its SUV business, which enjoys strong demand
Newsquawk Daily US Opening News - 29th May 2026
ECB's Simkus says in September, will have new projections for a broader assessment of economy; downplays economic impact of 25bp, even of 50bp of tightening over course of 2026
Commerzbank expects copper to rise to USD 14,250/ton by mid-2027 and Brent crude to reach USD 90/bbl by end-September before declining to USD 85/bbl by year-end
NVIDIA’s (NVDA) VR200 reportedly delayed by two months amid cooling challenges, Tech Taiwan reports
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- Describes near term moves as an "insurance hike".
- Timing of second rate hike unclear at this time.
- Likely to support June hike.
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