US equities closed were mixed overnight in a dull day of trade coming off a sharp rally on Friday. The USD strengthened, treasury yields rose, and gold edged higher. Concerns about the debt ceiling are intensifying, while optimism rises that the worst stresses in US regional banking have passed. European markets ended higher broadly, supported by healthcare and bank stocks. Focus is now on US CPI data for April due out Wednesday for hints on whether rate cuts are coming soon. Dow Jones down 56 points (-0.17%). Dow at best up 73 and at worst down 165 in a flat day of trade. S&P 500 up 0.05%. NASDAQ up 0.18%. VIX Volatility Index down 0.1.2%. European markets are mostly up. Stoxx 50 +0.2%, FTSE +1%, CAC +0.1%, and DAX off 0.05%. SPI Futures are down 8 points (-0.11%).

• ASX to dip; US waits on Fed amid recession fears.
• Wall Street ends near flat ahead of inflation data.
• Shares rise, dollar flat ahead of key U.S. inflation data.
• US dollar edges up as market looks to inflation data.
• PacWest shares pare gains after dividend cut fails to stem market fears.
• Banks tighten credit terms, see loan demand drop, Fed survey shows.
• KKR posts 26% drop in Q1 earnings, beating expectations.
• Crypto stocks drop after Binance halts bitcoin withdrawals for hours.
• European shares end higher, lifted by healthcare and bank stocks.
• Yellen is calling CEOs personally to warn on US debt ceiling.
• Yields rise on banking optimism, before supply.
• Oil climbs over 2% as recession fears begin to fade.
• Gold regains ground with focus on US inflation data.
• Ukraine farms lose workers to war, complicating a tough harvest.

Catch up on all the latest with Henry Jennings on today’s Pre-Market Podcast.

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