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Podcast : Financial Market Preview - Friday 19-May

Published 2023-05-19, 10:44 a/m

US futures are indicating a slightly higher open. European equity markets have opened positive, following mostly upbeat Asian markets. Hopes are rising that US debt default will be avoided, as two sides discuss scope of spending cuts and debt ceiling lift potentially into 2025. Focus today is on central banks. Fed Chair Powell will be on tap later following a busy week of Fedspeak that leaned hawkish. Central banks appear reluctant to play into rate-cut expectations.

Companies Mentioned: Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT)

 

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