Market Commentary: Tuesday 6th May

The USD is up slightly overall, primarily on the back of stronger US economic data, while equity indices drifted lower overnight.

In late US hours, Ford Motor Co. pulled its financial guidance and said auto tariffs will take a toll on profit.

Palantir Technologies Inc. dropped more than 9% in late trading Monday after its results fell short of high investor expectations.

Treasury yields ended Monday higher—their third straight increase—following a stronger-than-expected Institute for Supply Management (ISM) services report.

Oil climbed 1.5% to $58 a barrel, rebounding from its lowest close in four years. Gold is up 0.8%, currently trading around $3,360.

Crypto moves:

• Bitcoin rose 0.1% to $94,375.31

• Ether fell 0.5% to $1,800.93

Markets are looking ahead to later this week, with the Fed expected to keep rates unchanged and the ECB expected to cut.

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