5 issues to know earlier than the inventory market opens Monday, Might 23

Listed here are a very powerful information, developments and evaluation that buyers want to begin their buying and selling day:

1. S&P 500 set to open larger after narrowly avoiding a bear market shut

Merchants on the NYSE, Might 20, 2022.

Supply: NYSE

2. Bond yields move higher as traders wait for this week’s Fed minutes

3. Biden says he would defend Taiwan militarily if China were to attack

Biden says the idea that Taiwan can be taken by force is “not appropriate.”

Pool | Getty Images News | Getty Images

President Joe Biden on Monday said he’d be willing to use military force to defend Taiwan, prompting gratitude from the democratic, self-ruled island but sharp criticism from China. In Japan, the second stop in his first trip to Asia since taking office, Biden said he doesn’t expect China to attack Taiwan despite stepping up military provocations in recent years. The U.S. has traditionally avoided making such explicit security guarantees to Taiwan — and a White House official later walked back Biden’s feedback, saying they didn’t mirror a coverage shift.

  • Biden additionally stated he is contemplating easing tariffs on Chinese language imports, measures put in place by his predecessor Donald Trump. Biden’s feedback on tariffs got here after Treasury Secretary Janet Yellen advised such a transfer may assist ease rampant inflation gripping the U.S. financial system.

4. Ukraine’s president requires ‘most’ sanctions towards Russia for warfare

President of Ukraine Volodymyr Zelenskyy addresses the World Financial Discussion board (WEF) through video convention in Davos, Switzerland on Might 23, 2022.

Anadolu Company | Anadolu Company | Getty Photographs

5. Pfizer says three Covid photographs for youths underneath 5 are 80% efficient towards omicron

Empty vials of Pfizer-BioNTech coronavirus illness (COVID-19) youngsters’s vaccines are pictured at Skippack Pharmacy in Schwenksville, Pennsylvania, U.S., Might 19, 2022. 

Hannah Beier | Reuters