US500 (SP500) 1 HOUR

US PRE-MARKET MOVERS: NVDA, MU, BABA, NXT, NBIS, SATS, WIX
ES +0.2% NQ +0.7% RTY +0.2%

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Forex Market Snapshot
A bit of a disconnect with the USD trading firmer while US stocks firm as well (US500 retesting its record high, NAS100 still below its all-time high) and crude oil bounces after backing off from yesterday’s highs..
EURUSD has been an underperformer with EURGBP selling weighing on the currency while GBPUSD follows with a lag.
So watch the cross and EURUSD 1.17 (psychological) with key supports below it.


COMING UP: Data: Swedish Inflation Final (Apr), French Inflation Final (Apr), EZ Employment Change (Q1), Industrial Production (Mar), GDP 2nd Estimate (Q1), US PPI (Apr). Events: BoC Minutes (Apr), IEA OMR (May), OPEC MOMR (May), Riksbank Minutes (May). Speakers: BoE’s Mann; Fed’s Collins, Kashkari; ECB’s Lane, Lagarde. Supply: Australia, Italy, Germany, and the US. Earnings: Cisco Systems, Alibaba, Siemens, Deutsche Telekom, Allianz, E.On, Merck, RWE. (Newsquawk)
Newsquawk US Market Wrap: Stocks swing as energy prices climb and tech sees profit taking
SNAPSHOT: Equities mixed, Treasuries down, Crude up, Dollar up, Gold flat

May 11 Earnings Release Stocks
(CRCL) Circle Internet Group, Inc. reported first-quarter 2026 diluted EPS of $0.21 per share, surpassing the Zacks Consensus Estimate by 40%. The company generated total revenues and reserve income of $694.1 million, representing a 20% increase year over year. While GAAP net income declined 15% to $55 million due to higher stock-based compensation and continued infrastructure investments, Adjusted EBITDA climbed 24% to $151 million, highlighting strong underlying profitability.
(B) Barrick Mining Corporation reported first-quarter 2026 profits of $1.602 billion
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