Morgan Stanley maintains that the Federal Reserve will cut rates in June and September, despite surging oil prices reducing market expectations for rate cuts. The chief economist believes there is still potential for rate cuts, though facing risks of delays. The market currently expects a smaller magnitude of rate cuts.
Chicago Board Options Exchange (CBOE) submitted a proposal to extend trading hours on EDGX equities and options, with trading from 9 p.m. Sunday to 8 p.m. Friday, and a 1-hour halt from 8 p.m. to 9 p.m. Monday through Thursday. CBOE stated that this move responds to market demand for extended trading hours.
A certain NFT trading platform announced a delay in its SEA token issuance plan. CEO Devin Finzer stated that the token generation event originally scheduled for Q1 2026 will be postponed, with specific dates yet to be announced. The delay is due to challenging cryptocurrency market conditions, as the team hopes to ensure all preparations are fully in place before launching the issuance.