END OF DAY REPORT EQUITIES, FUTURES & OPTIONS MAY 12th
Fed's Goolsbee (voter, dovish), speaking on PBS, says inflation is still to high but at least it is coming down
"Turkey is not likely to accept a request from Iraq to resume Kurdish oil exports through the port of Ceyhan on Saturday", according to a Turkish official cited by MiddleEastEye
US has seen repeated threats from Iran against commercial shippers; Pentagon to bolster defensive posture in Gulf on Friday, according to White House's Defence spokesperson Kirby
White House says debt ceiling meetings over the last few days have been productive; US President Biden will meet with lawmakers on debt ceiling early next week
FBN's Gasparino tweets "Still appears to be little appetite at SEC to ban short selling of regional bank stocks despite a push by JPMorgan (JPM) Chief Dimon, though regulatory sources tell FBN that SEC might demand greater disclosures short sales more"
Debt limit fears, stronger Dollar, continued demand fears, and risk-off sentiment weighed on the markets today as 1 month Treasury yield breaches 5.5%! Looking ahead, there is US and Chinese retail sales (Tues) which will give a further indication on the current strength of the world's largest economies.