אתריום יורד מרמות השיא האחרונות - חדשות מהשוק

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1051 ET - Since rising to over $2,400 earlier this month, ethereum is off 12% and stands at $2,118 today. Driving the sell-off are ETFs pulling back from ether, with money flow net negative in ETFs for six consecutive days, according to data from CoinGlass. Some analysts say it could be the sign of a prolonged downtrend, according to CryptoQuant in a note. "For bullish momentum to recover, the market would likely need to see aggressive sell volume cool down while price stabilizes above key support levels," says the firm. Ethereum is essentially flat today, as is bitcoin at $76,839. XRP is down 0.6% to $1.37, solana falls 0.3% to $84.58, and cardano is down 0.7% to 24.97 cents. (kirk.maltais@wsj.com)

1047 ET - Fund managers overall consider the euro to be undervalued and sterling to be overvalued, albeit by small majorities in both cases, according to Bank of America's global fund manager survey for May. A net 8% of investors polled in the survey say the euro is undervalued, up from 3% last month, BofA says. At the same time, a net 6% say that sterling is overvalued, up from 2% a month ago, according to the survey. The euro is currently 0.6 standard deviations below its long-term average, while sterling is 0.1 standard deviations above its long-term average, BofA says. The euro falls to a near six-week low versus the dollar of $1.1594, LSEG data show. Sterling falls 0.4% to $1.3383. (jessica.fleetham@wsj.com)

1031 ET - Just over one-third of U.S. home sellers cut their asking price in April, according to Redfin. That's down slightly from 35.6% a month earlier, and down from a record high of 36.6% in August. Price cuts have become slightly less common because the housing market is picking up as homebuyer demand rises, which is helping sellers regain some negotiating power. Buyers are slowly returning as the job market improves and Americans become a bit more confident in their earnings. They are still outnumbered by sellers, but slightly less so than before, which is shifting the balance of power. At the same time, inventory is growing slower than last year in some markets. With competition among sellers easing a bit, fewer sellers feel pressure to slash prices to attract offers. (chris.wack@wsj.com)

1028 ET - Rising yields mean municipal bonds are cheaper, creating a window to buy bonds and benefit when the tide turns, Neuberger Berman's Jamie Iselin tells WSJ. "We made a decision to move from...a duration positioning that was shorter than our respective benchmarks and moved it back to neutral." He notes new bonds keep coming to market, creating more options for investors. Iselin expects the Fed to stay put for a while, keeping the buying opportunity open. "I think it would be a pretty decent backdrop for munis." (paulo.trevisani@wsj.com; @ptrevisani)

1005 ET - April's surprisingly muted inflation report gives the Bank of Canada the scope to be patient on rate policy in the face of conflict-fueled higher energy prices, says Royce Mendes, managing director at Desjardins Capital Markets. Headline inflation rose in April but nowhere close to the 3.1% expectation among traders. A traditional measure of core CPI, which strips out volatile items like food and energy, rose 1.5% in April, or well below the BOC's 2% inflation target. Mendes says a sharp decline in prices for travel tours and further reductions in the price of cellphone services, combined with soft prints in large categories such as food and rent, dulled overall price pressures. He adds that higher gasoline prices "may cannibalize spending in other areas, thereby keeping underlying price pressures contained." (paul.vieira@wsj.com; @paulvieira)

1000 ET - Even though agency mortgage bonds enjoy theoretically the same government backing as Treasurys, they tend to trade at a higher yield. That's long been thought to be compensation for prepayment risk--the risk that the investor will receive less interest back than first appears, because homeowners can pay down their mortgages early. New research from the Boston Fed formalizes this intuition. The reserve bank's researchers study market data since 2006 and find that prepayment risk indeed drives about 80% of the yield premium in mortgage bonds. (matt.grossman@wsj.com; @mattgrossman)

0958 ET - Canada's CPI data for April is "unambiguously soft," says Douglas Porter, chief economist at BMO Capital Markets. Porter has been arguing for weeks that rate increases from the Bank of Canada would mark a policy error, due to softness in the labor market and excess spare capacity remaining in economy. The BOC has raised the prospect of rate increases in the event crude-oil prices stay elevated for longer. Porter says it appears the economy's spare capacity is applying disinflationary pressure in sectors not linked to oil and transport, judging by the easing in the BOC's preferred core-CPI measures. Near-term BOC rate-hike expectations should calm on the April data that indicated inflation rose in April but not near the 3%-plus market expectations, Porter says. (paul.vieira@wsj.com; @paulvieira)

0958 ET - Fund managers' expectations for short-term rates are at a four-year high due to an elevated inflation outlook, the Bank of America global fund manager survey for May shows. A net 23% of investors expect higher short-term rates, up from a net 4% in April, and the highest since 2022, BofA says. A net 66% of fund managers expect higher global inflation, the survey shows. (miriam.mukuru@wsj.com)

0955 ET - Fitch Ratings reaffirms its call that the Bank of Canada will keep its policy rate on hold through 2026 after reviewing April CPI data. The jump in inflation due to gas prices was widely expected, says Jessica Hinds, an economist at Fitch, because the consumer carbon tax--which PM Mark Carney ditched in March, 2025--fell out of the year-over-year comparison. Inflation did accelerate, 2.8%, from the prior month but fell short of the 3%-plus expectations. Stripping out gasoline, Hinds notes that inflation in Canada decelerated in April to 2% from 2.2% the prior month, and both of the BOC's preferred gauges of core CPI eased in April. "The softness of the labor market will help to dampen broader price pressures," she says. (paul.vieira@wsj.com; @paulvieira)

0940 ET - Rising inflation, climbing oil prices and a broadly cautious hiring environment are expected to keep the 2026 summer hiring total for teen workers well below historical averages, according to predictions from global outplacement firm Challenger, Gray & Christmas. It predicts teens will gain 790,000 jobs in May, June, and July, down slightly from the 801,000 jobs employers added last summer. If that plays out, it would be the lowest summer hiring total for teens since the BLS began tracking the data in 1948, the firm says. (jessica.coacci@wsj.com)

0918 ET - The muted pace of core CPI in Canada will alleviate pressure on the Bank of Canada to lift its policy rate, says Stephen Brown, economist at Capital Economics. The BOC's preferred measures of core CPI, known as trim and median, rose in April at a below-target average of 0.16% from the prior month. Policymakers tend to focus on core because it ignores big moves in volatile items, like fuel and food. Brown says the average 3-month annualized core rate did strengthen to 1.8%, but that's still below the BOC's 2% inflation target. Further, the average annual core rate eased to 2.1%, or the mildest increase in over 5 years (paul.vieira@wsj.com; @paulvieira)

0915 ET - The cost of default protection for euro-denominated credit declines as investors hope for a near term resolution to the U.S.-Iran conflict. "Recent statements from the American president hint at a desire to reach an agreement with Iran, raising hopes for a deal that would allow the normalization of traffic through the Strait of Hormuz," ActivTrades' Ricardo Evangelista says in a note. The iTraxx Europe Crossover index which tracks euro high-yield credit default swaps falls 1 basis point to 279bps, S&P Global Market Intelligence data show. (miriam.mukuru@wsj.com)

source: https://www.tradingview.com/news/DJN_DN20260519006308:0/