Market Overview

Equity indexes are trading in opposite directions currently ahead of a round of Sino-US trade talks after Wall Street finished higher on Friday. Microsoft shares added 0.58% underperforming market as Bernstein SocGen Group raised the price target for Microsoft stock to $540 from a previous target of $520 while maintaining an “Outperform” rating, Tesla shares rebounded 3.67% on Friday after plunging about 15 per cent on Thursday during president Trump’s public feud with Elon Musk, including threats to cut off government contracts with Musk’s companies.

Global stocks are pointing in different directions currently ahead of Nonfarm Payrolls report due at 14:30 CET. US stocks closed lower on Thursday. Tesla shares sank 14.26% underperforming market after president Trump said on his Truth Social platform that the "easiest way to save money in our Budget, billions and billions of dollars, is to terminate Elon’s governmental subsidies and contracts" following Musk’s public harsh criticism of a major tax cut and spending bill backed by Trump, Apple shares slid 1.08% on Thursday after Needham lowered its rating on Apple the previous day to “Hold” from “Buy” and removed the stock price target citing slowing growth, AI challenges.

Global equity indexes are trading mostly up currently as higher US tariffs on steel and aluminum took effect. Wall Street closed higher on Tuesday. Amazon shares lost 0.45% on Tuesday while the Bank of America raised its target for Amazon stock to $248 from $230 citing potential cost savings due to wider employment of warehouse robotics as well as delivery drones, Tesla gained 0.46% underperforming market amid reports Cathie Wood's ARK Innovation ETF sold nearly 50,000 Tesla shares last week worth about $17 million just as Tesla is preparing to launch its Robotaxi service on June 12.

Global equity indexes are trading mostly down currently after Wall Street ended higher on Monday. Meta shares rallied 3.6% outperforming market amid reports the Facebook parent believes its artificial intelligence tools could soon fully automate the process of creating advertising campaigns, Nvidia shares rose 1.67%.

Equity indexes are trading mostly lower currently after president Trump accused China of violating its preliminary trade agreement with the US. Wall Street stocks finished mixed on Friday. Alphabet shares slipped 0.06% while a US District Court in Washington heard closing arguments at a trial on proposals to address Google’s illegal monopoly in online search and related advertising, Microsoft shares added 0.37% on Friday outperforming market as Jefferies maintained the software giant’s stock rating and price target.

Global stocks are pointing in different directions currently ahead of Personal Consumption Expenditures report due at 14:30 CET. US stocks closed higher on Thursday. Nvidia shares rallied 3.3% outperforming market after the artificial intelligence major reported strong first-quarter earnings, Tesla shares rose 0.4% on Thursday.

Global equity indexes are trading mostly down currently after Wall Street closed sharply higher on Tuesday. Tesla rallied 5.9% outperforming market as chief executive officer Elon Musk pledged to return “24/7“ to work on his commercial ventures while data showed Tesla’s sales in the European Union fell by more than 50 per cent in April compared with the year-ago period, Alphabet shares rose 2.6% on Tuesday as Cantor Fitzgerald maintained its “Neutral” rating on the Google parent’s stock and $171.00 price target.

Global equity indexes are trading mostly up currently ahead of Wall Street reopening after Memorial Day holiday on Monday. Sony shares rose 1.8% outperforming market, Nippon Steel Corporation shares lost 0.7% today after rally in previous session against the backdrop of the news president Trump supports the Nippon Steel deal with US Steel.

Equity indexes are trading mostly higher currently after president Trump threatened to impose 50% tariffs against European Union citing a lack of progress in trade negotiations with the bloc. Wall Street stocks finished lower on Friday. Apple shares slumped 3.0% underperforming market as president Trump threatened 25% tariffs on iPhones not manufactured in the US, Amazon shares slid 1.0% on Friday.

Global stocks are pointing mostly up currently as US bond yields moderated ahead of New Home Sales report due at 16:00 CET. US stocks closed mixed on Thursday. Apple shares slid 0.36% while Evercore ISI maintained its “Outperform” rating and a price target of $250.00 for iPhone maker’s stock, Tesla shares rose 1.9% on Thursday outperforming market as Piper Sandler maintained its “Overweight” rating and a price target of $400.00 for Tesla stock.