Market Commentary: Monday 20th May
![](https://blog.isam-securities.com/hubfs/20th%20May@2x.png)
Metals, Base and Precious have made the headlines overnight as the price of copper and gold both climbed to record highs. The Dow Jones Industrial Average, a select group of blue chips closed above 40,000 for the first time on Friday and optimism about US easing is fuelling these rallies. So, what about the week ahead?
We have UK CPI on Wednesday and Japan CPI on Friday. Domestically, will the number have a 2 handle? If it does, there will be excitement about domestic easing. The other key events will be the FOMC minutes from April 30-May 1 policy meeting on Wednesday and Reserve Bank of Australia issues minutes of May policy meeting, Tuesday.
As for today, it is mainly about speeches at 10am. There is a speech from the Bank of England deputy governor Ben Broadbent, and then later we hear from FOMC member Bostic, followed by a speech by FOMC member Barr at 2pm.
Marketwise, Nikkei 225 futures rose 1.2%, the yield on 10-year Treasuries was little changed at 4.41%, Bitcoin rose 0.8% to $66,700.41, Ether rose 0.7% to $3,097.43. USDJPY opens at 155.70, GBPUSD at 1.2705 and EURUSD at 1.0880.
Equity wise Nvidia is the last of the high-profile US earnings reports to come through, and in the UK Marks & Spencer and Aviva both publish figures.
**For professional investors only** Any opinions, news, research, analyses, prices, or other information contained in this blog is provided as general market commentary and does not constitute (and should not be construed as containing) investment advice or an investment recommendation, or an offer of, or solicitation for, a transaction in any financial instrument. Some of this information may have been provided by third-party sources and, although believed to be reliable, it has not been independently verified and its accuracy or completeness cannot be guaranteed. No representation or warranty, expressed or implied, is made or given by or on behalf of iSAM Securities or its directors or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this blog, and no responsibility or liability is accepted for any such information. As a result, any person acting on any information does so entirely at their own risk. iSAM Securities will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.