US Michigan Consumer Sentiment Prel (May) 48.2 vs. Exp. 49.5 (Prev. 49.8)
The preliminary Michigan Consumer Sentiment reading for May came in at 48.2, missing expectations of 49.5 and down from the previous month’s 49.8.
ECB President Lagarde says climbing energy costs will push up input prices, may then be passed to consumer
Sir Christopher Hohn’s hedge fund TCI has cut its stake in Microsoft (MSFT), reducing it from 10% to around 1% of its portfolio, FT reports
US Michigan Consumer Sentiment Prel (May) 48.2 vs. Exp. 49.5 (Prev. 49.8)
AWS (AMZN) says affected customers in US-East-1 region may see errors for resume and restart workflows and failover operations and availability issues
US EQUITY OPEN: Tech leads stocks higher as NVDA hits a new ATH as Iran response awaits
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This decline in sentiment suggests potential headwinds for consumer spending and may reinforce concerns around economic growth, influencing expectations for monetary policy tightening in the near term.
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