Nasdaq futures grind higher to be up 1%
European indices are also holding modest gains on the session, roughly between 0.4% to 0.6% at the moment. Nasdaq futures are leading gains in the US futures space, up 1.1% while S&P 500 futures are up 0.7% at the moment.

As confirmed by German health minister, Jens Spahn
That is good news as the vaccine progress starts to gather pace but much like how things have slowed down in the US, it might be a challenge for Europe once vaccinations in general start to reach the 50-60% mark.

Forex news from the European trading session – 13 May 2021
Headlines:
Markets:
– CHF leads, AUD lags on the day
– European equities lower; S&P 500 futures up 0.1%

S&P 500 futures up 0.1%
European indices have halved losses from earlier in the day but are still keeping roughly 1% lower across the board. This comes as US futures start to turn things around, with Nasdaq futures leading the bounce while S&P 500 futures inch a tad higher.

US PPI data later today to set the tone ahead of North American trading
Yesterday, we got one of the hottest CPI reports in years and the inflation debate will continue on today with the release of US PPI data for April.

It is a pivotal time for Bitcoin as Elon Musk puts a stop to his crusade
In case you missed the overnight news:

The sour mood from yesterday continues to persist
European indices are down by roughly 2% across the board now as the selling in equities intensifies and that is also exacerbated by a drop in US futures as well.

WTI up 80-cents to $66.09 today
US consumers in the southeast are stocking up on gasoline supplies however they can and that’s leading to stations running out of gas.

What is the market anticipating ahead of the US CPI data later?
The market is gearing up for what it expects to be a blockbuster US CPI report later today but really, will it tell us anything that we don’t already know? I don’t think so.

As confirmed by EU economy commissioner, Paolo Gentiloni
Well, it wasn’t to say that they were ever that effective in the first place.