1. S&P 500 futures are decrease after snapping lengthy shedding streak
Merchants on the NYSE, Could 20, 2022.
Supply: NYSE
2. Bond costs fall, 10-year yield tops 2.8%
U.S. Treasury yields climbed Tuesday, with the yield on the benchmark 10-year word rising as excessive as 10 foundation factors to succeed in 2.855%. As of seven:20 a.m. ET, the 10-year Treasury word yield stood round 2.812%. Bond yields transfer inversely to costs. The motion within the bond market got here as preliminary information for Could confirmed euro zone inflation hitting yet one more report excessive and oil costs rose.
Buyers additionally have been digesting feedback Monday from Federal Reserve Governor Christopher Waller, who stated in a speech he helps the central financial institution taking rates of interest above impartial by the top of this 12 months. The so-called impartial charge is the extent at which Fed coverage neither restricts nor helps financial development.
3. Oil rises as EU reaches deal to ban most Russian crude imports
A normal view of oil tanks within the Transneft-Kozmino Port close to the far jap city of Nakhodka, Russia.
Yuri Maltsev | Reuters
4. Shanghai set to ease strict Covid lockdowns
After about two months of lockdown, Shanghai introduced plans over the weekend to calm down restrictions on enterprise exercise. Subway riders pictured right here on Could 28, 2022, journey on one in all 4 strains within the metropolis which have resumed operations.
Vcg | Visible China Group | Getty Photographs
5. Unilever shares soar as Nelson Peltz to hitch its board
Nelson Peltz
Cameron Costa | CNBC
https://www.cnbc.com/2022/05/31/5-things-to-know-before-the-stock-market-opens-tuesday.html