Market Roundup
Looking Ahead – Economic Data (GMT)
•EU May Consumer Confidence -21.1,-21.5 forecast,-22.0 previous
•U.S. Baker Hughes Oil Rig Count 576,563 previous
•U.S. Baker Hughes Total Rig Count 728,714 previous
Looking Ahead – Economic Data (GMT)
•No data ahead
Looking Ahead – Economic events and other releases (GMT)
•No events ahead
Currency Summaries
EUR/USD: The euro declined against dollar on Friday as volatility in global equity markets bolstered demand for the safe-have dollar. The dollar rose 0.3% against the euro as U.S. stocks tumbled on Friday, putting the S&P 500 Index on the verge of confirming it has been in a bear market since hitting a record high in January. The U.S. currency has been supported in recent months by a flight to safety by investors, amid a rout across markets due to fears of the impact of soaring inflation, a hawkish Federal Reserve and the Russia-Ukraine…
