Overview

• The S&P 500 has rebounded nearly 12% from its April 8 low but remains 10% below its all-time high, supported by strong corporate earnings and AI megacap gains.
• Conflicting statements from U.S. and Chinese officials continue to create uncertainty about the progress of trade negotiations, despite Beijing's recent tariff exemptions.
• Federal Reserve Chair Jerome Powell has highlighted challenges in balancing inflation control with employment stability, leaving the door open for potential rate hikes.
• Investors are closely monitoring upcoming U.S. economic indicators, including GDP, non-farm payrolls, and inflation data, for signals on the Fed's next policy moves.
• Asian and European markets opened cautiously higher, reflecting mixed sentiment as traders assess global economic cues and geopolitical developments.