Investors on Wall Street in the week ahead will look for two major economic data – consumer price inflation and US retail sales – apart from other reports and corporate earnings. Both, inflation and retail sales data have the potential to influence the Federal Reserve’s monetary policy. In earnings, retail giant Walmart and Home Depot among others will be in focus.
Open FlipThe recent surge in volatility in the Indian stock market may persist for the next few weeks, and the benchmark Nifty 50 may correct for another 2-3 per cent in the coming weeks, driven by the prevailing uncertainty surrounding the outcome of the Lok Sabha election on June 4th, according to experts. Market experts, however, remain upbeat about the medium-to-long-term prospects of the D-Street.
Open FlipCryptoPunks dominated the non-fungible token (NFT) market with a US$1.39 million daily sales volume on May 12, according to CryptoSlam data. Most of those sales came from CryptoPunk 741, which sold for almost US$800,000 at the Larva Labs marketplace. The NFT’s last on-chain sale occurred seven years ago, for US$400. CryptoPunk 741 is now the eighth-highest-valued CryptoPunk in the collection.
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