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Here's what you need to know before markets open.
1. Global stocks rise after Fed officials suggest inflationary pressures will be temporary. US futures edged higher after central bank officials did their best to soothe markets.
2. Mike Novogratz says bitcoin will be stuck around $45,000 for weeks after Elon Musk's tweets – but says ether is having a moment. Novogratz said Musk's concerns about bitcoin's energy use should be taken at face value.
3. The UK unemployment rate dropped to 4.8% in the first quarter as the country prepared to reopen from lockdown. Things are looking up for the UK economy as the government lifts restrictions.
4. Elon Musk is no longer the world's 2nd-richest person after Tesla shares lost a quarter in value since January. Musk has slipped behind luxury goods tycoon Bernard Arnault in the rankings.
5. 'Big Short' investor Michael Burry reveals his bet against Tesla stock - and discloses an unexpected SPAC stake. Filings showed Burry held bearish put options on over 800,000 Tesla shares.
6. Earnings expected. Walmart and Home Depot are among the big names on the list.
7. On the data docket. US housing starts figures will follow the UK unemployment data.
8. Goldman Sachs is looking for companies with strong pricing power that can protect against soaring inflation. The firm says to buy these 23 stocks that offer rock-solid margins.
9. Avis Budget has soared more than 100% since Bank of America analyst Aileen Smith put a buy rating on it in January. She told us why the stock still has room to run this year.
10. UBS has compiled a list of 'new momentum' stocks to replace the market's former frontrunners. The firm says to buy these 42 stocks that are poised to outperform in a rising inflation environment.
