- The S&P 500's surge to a bull market was reflected in a stop in US stock futures, while speculations that the Federal Reserve is nearing the end of its rate hike cycle caused the dollar to route for its worst weekly loss in a month.
- As General Motors announced it would join the company's charging network, Tesla shares increased 4.5% in pre-market trade and were expected to gain for an 11th straight day. GM increased 3.5%.
- Prior to the Federal Reserve and the European Central Bank's interest-rate announcements next week, investors might be hesitant to take significant positions. Two central banks this week unexpectedly increased interest rates, leading to speculation that policymakers may need to maintain higher rates for longer. The prevailing opinion that the Fed is likely to pause has been backed by US data showing a weakening labour market.
- On Friday, Treasury yields slightly increased, with the 10-Yr rate rising to 3.75%. The odds of a Fed raise occurring next week are currently estimated by swaps traders at around one-third, and the odds of one occurring in July are about 90%.
- UK's energy profits levy to remain in place until March 2028.
- BoJ is said to see little need to tweak YCC in June.
