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Nasdaq, S&P 500 flat as Nvidia earnings approach

Morgan Stanley rates James Hardie at overweight, but notes US total addressable market expectations have fallen to range of -6% to 3%, driven by softer US R&R estimates; Q4 results softer than expected, but medium-term structural growth story still intact

Commentary: Hospitality unlikely to throw up many distressed opportunities, despite lots of loans expiring in 2024, 2025; occupancy figures and room rates have been buoyant, while private credit market is taking the place of traditional mortgage lenders

One of US restaurant industry’s biggest trends in near term will be how city centers/urban markets continue to repopulate after experiencing retrenchment during Covid, says Hudson Riehle, SVP of research and knowledge group at National Restaurant Assn.

New EU car sales rose 13.7% year-over-year in April, the biggest jump since October; sales of battery electric cars and hybrid-electric vehicles grew 14.8% YoY and 33.1% YoY respectively, with electrified vehicles accounting for 47.8% of total sales: ACEA

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