PRIMER - Today’s Fedspeak includes: Hammack
UK Unite Union says Bilfinger offshore workers to strike over pay; workers will now take industrial action from 4 June until the end of 7 June on the Alba unit followed by four days of action on the FPF1 from 9 June to close of play on the 12 June.
US PRE-MARKET MOVERS: NVDA, HPE, MCHP, STM, MRVL, GOOGL, SIG, DG
PRIMER - Today’s Fedspeak includes: Hammack
ENI (ENI IM) said the Karachaganak oilfield will undergo planned maintenance in September.
SNB Chairman says real over valuation of the Swiss Franc clearly lower than nominal over valuation; central bank has raised readiness to intervene to deal with an overvaluation pressure due to Middle East escalation
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- 13:30BST/08:30EDT: Fed’s Hammack (2026 voter, hawk) will give remarks on policy. Speaking in mid-May, Hammack said businesses are concerned an inflationary mindset is becoming entrenched, and that policymakers must keep an open mind on the next move given uncertainty. She said rates should stay on hold for quite some time, price pressures are worrying, higher gasoline prices are weighing on consumers, and inflation expectations remain “pretty-well” anchored. NOTE: Hammack was one of the three voting members who dissented to the Fed retaining its easing bias within the April policy statement.
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