Euro STOXX 50 futures were trading unchanged at 4,275.0 points, FTSE futures were down 9.5 points to 7,576.5, and German DAX futures were down 9 points to 15,829.0 at 0430 GMT.
Stocks rose slightly after a rally in AI stocks took a breather as time ran out on negotiations to avoid a US debt default.
Oil prices slide, weighed down by a stronger dollar and mixed messages from Russia and Saudi Arabia ahead of the upcoming OPEC+ meeting.
– The Bank of Spain publishes the bank delinquency data for March
– French consumer confidence for May
– Italian business and consumer confidence for May
– Prices of personal consumption spending for April in the US
– US personal income and expenses
– May University of Michigan Consumer Confidence
“Cellnex is a very strong company, it is not vulnerable to a takeover bid” – Interview with Anne Bouverot, president of Cellnex (Expansion)
Barclays begins coverage of BBVA with an “equal weight” recommendation and a target price of 8.80 euros; coverage of Sabadell begins with “equal weighting” and 1.20 euros; begins coverage of Caixabank with “overweight” and 5 euros (Reuters)
Indra approves an expansion of the board of directors including representation of Amber (Reuters)
American Tower signs Santander and BBVA for their refinancing (Cinco Días)
Servihabitat loses management of the real estate portfolio of CaixaBank (Cinco Días)
Elías restructures the leadership and the board of Ezentis with executives from La Caixa and Amper (El Confidencial)
The owner of Deoleo activates the search for an industrial partner (Cinco Días)
The owner of Renovalia and Villar Mir break the negotiation for the purchase of their energy (El Confidencial)
Lufthansa will take a 41% stake in ITA Airways through a capital increase (Reuters)
Nvidia rises 24% on the stock market, after forecasts that trigger the valuation of artificial intelligence (Reuters)
The owners of Asda and EG Group will announce a £10 billion merger of their UK operations on Friday, according to Sky News (Reuters).
Volkswagen and its unit Audi agree to pay $85 million for violations of Texas environmental laws in the diesel scandal (Reuters)
*ECONOMY AND POLITICS*
The President of the United States, the Democrat Joe Biden, and the Speaker of the House of Representatives, the Republican Kevin McCarthy, were close to an agreement that would raise the ceiling of the public debt of 31.4 trillion dollars for two years, to the time that would limit spending on most items, a US official told Reuters (Reuters)
Japan will impose additional sanctions on Russia after last week’s Group of Seven (G7) summit in the country agreed to step up measures to punish Moscow’s invasion of Ukraine, Chief Cabinet Secretary Hirokazu Matsuno said. (Reuters)
US Commerce Secretary Gina Raimondo and Chinese Commerce Minister Wang Wentao exchanged views on trade, investment and export policy in talks that Raimondo’s office called “candid and substantive” (Reuters)
The Bank of Japan (BoJ) is likely to maintain its yield curve control (YCC) policy until at least next year, according to three-quarters of economists polled by Reuters (Reuters)