Markets today: Futures edge higher as U.S. data keeps mood cautious

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For Vincent Juvyns, global market strategist at JPMorgan Asset Management, better visibility on the economy means that that focus is turning back to earnings going into the second quarter. “Markets are expensive, not too expensive, but it would be dangerous to bet on further upside without earnings driving it,” he said.

In the U.S., shares of former president Donald Trump’s social media startup surged around 20 per cent in premarket trading after it completed a merger with Digital World Acquisition Corp. Tesla Inc. gained after an Italian newspaper said that officials at the country’s Industry Ministry contacted the firm about the potential production of electric trucks.

Dollar-yen is likely to stay above 150, according to Mitul Kotecha, head of foreign exchange and emerging market macro strategy Asia at Barclays Bank Plc in Singapore.

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