MARKET DAILY

Midday market 05/12: Macro pessimism continues as debt ceiling deal not reached

Consumer sentiment index continues to show inflationary pressure on the economy while import-export warns of deflationary shock

Yellen has notified US Congress that the government may not be able to pay debts as soon as 06/01 if debt ceiling not raised

Negotiations will continue next week after today's afternoon meeting between the two sides is canceled

Consumer confidence index continues to fall early May with inflation expectations hitting highest since 2008

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