Outlook

• I titoli di Wall Street hanno scambiato su livelli contrastanti all'inizio di lunedì 4 maggio 2026, poiché l'aumento dei prezzi del petrolio dovuto al conflitto in Medio Oriente ha compensato le robuste aspettative sugli utili delle aziende statunitensi. • I prezzi del petrolio sono leggermente saliti dopo que l'esercito dell'Iran ha avvertito che avrebbe attaccato le forze statunitensi che entrano nello Stretto di Hormuz, a seguito dell'annuncio del Presidente Donald Trump di scortare le navi attraverso il condotto navigabile. • I principali indici rimangono vicini ai massimi storici, sostenuti da dati incoraggianti sull'inflazione e da una resiliente stagione dei risultati, sebbene gli investitori attendano il rapporto sull'occupazione di aprile.

Companies are now seeking refunds on tariffs after supreme court ruled Trump’s emergency levies were illegalSign up for the Breaking News US email to get newsletter alerts in your inboxGeneral Motors is expecting a $500m tariff refund after the US supreme court struck down some of Donald Trump’s most sweeping levies.That has boosted the Detroit automaker’s outlook for 2026. On Tuesday, GM said it’s now looking to rake in $13.5bn-$15.5bn in earnings before interest and taxes this year – up from previous forecasts of $13bn-$15bn. Continue reading...

• Taiwanese electronics manufacturer Foxconn reported strong first-quarter revenue growth, yet issued a cautious outlook for future quarters citing escalating geopolitical tensions as a primary risk factor. • The company's performance reflects broader concerns among multinational corporations about supply chain disruptions and market volatility stemming from the Iran conflict and US-China relations.

• Micron Technology reported blowout earnings results, while Nvidia issued a stunning outlook for its Blackwell and Rubin AI products, yet the broader market has not responded positively to either announcement. • Morningstar increased Micron's fair value assessment following its earnings beat, and upgraded Nvidia's fair value based on the company's AI product roadmap expansion. • The muted market response to strong tech earnings reflects ongoing concerns about macroeconomic headwinds, including geopolitical risks and Federal Reserve policy decisions that are weighing on investor sentiment.

• U.S. employers report a Q2 2026 Net Employment Outlook of 41% for tech roles, up 8 points from last quarter per ManpowerGroup's Experis survey. • Global tech NEO stands at 45%, with data collected January 1 to February 3 from 4,655 employers across 42 countries. • The rebound reflects growing confidence in tech investments, though U.S. figures lag year-ago levels amid precise hiring.

The U.S. PCE inflation index reached 3.1% in February 2026 data released March 13, exceeding forecasts and fueling concerns over persistent price pressures. This reading, alongside Brent oil hitting $100, pushed back expectations for Federal Reserve rate cuts into late 2026. Economists note the figure complicates the Fed's dual mandate amid slowing GDP growth. Markets now price in steady rates through mid-year.