TD Securities strategists expect Canadian real Gross Domestic Product (GDP) to rise by 0.2% m/m in May, exceeding the flash estimate and extending April’s 0.5% gain. They highlight balanced growth across goods and services, with manufacturing, existing home sales and retail trade all contributing.
Dow Jones futures surge 0.59% to trade around 52,680 during European trading hours on Friday. Meanwhile, S&P 500 futures rise 0.44% to trade near 7,500, while Nasdaq 100 futures rise 1.10%, trading near 28,540, respectively.
Pi Network (PI) hovers above $0.0800 on Friday, after three consecutive days of recovery. Still, the social interest and speculative demand remain low in PI, with a declining trend in the PI Open Interest. The technical outlook for PI is mixed, with downside momentum easing while demand remains low.