Trade policy dominated headlines Tuesday. USTR Jamieson Greer told a Council on Foreign Relations event that the US will maintain tariffs on Mexican goods as long as a trade deficit persists. He flagged rule-of-origin changes under USMCA talks. Only Canada and China have retaliated against Trump tariffs, he noted. That language kept risk appetite cautious heading into the close.
UK gilt yields posted their biggest weekly drop since 2023. Chancellor Burnham's commitment to fiscal rules and a pullback from BoE rate-hike bets drove the rally. European fixed income found relief while equity markets watched closely.
The week's busiest stretch starts Wednesday. CRM Salesforce reports Q1 2027 after the bell. AI spending guidance will be the key line. MRVL Marvell Technology and SNPS Synopsys also report that evening. Thursday adds retail names DLTR, KSS, and . Tariff cost pressure will be central to all three calls.
UBS lifted its price target on DAL Delta Air Lines to $98, maintaining Buy. The airline sector has benefited from easing US-Iran tensions and improving travel sentiment. Barclays swept five managed care names higher, with HUM Humana's target nearly doubling to $344.
RKLB Rocket Lab confirmed a $40M acquisition of Motiv Space Systems. Call options dominate its chain ahead of a May 29 expiry. WOLF Wolfspeed remains in focus — short interest sits at 117.5% of free float with zero availability. FT reported SpaceX, OpenAI, and Anthropic IPOs could ignite a Wall Street trading surge. That pipeline is one to watch for market structure implications.
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