Category: Latest News
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Futures Fluctuating Following Consumer Price Inflation Data
The major U.S. index futures have fluctuated before the start of trading on Thursday as traders digest highly anticipated U.S. consumer price inflation data. The Labor Department said its consumer price index climbed by 0.3 percent in December after inching up by 0.1 percent in November. Economists had expected consumer prices to rise by 0.2…
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Metals Prices Higher
Metal prices were trading higher with Peak Trading Research saying a weaker U.S. inflation print would point to a dovish Fed, lower interest rates and a weaker dollar. Nickel is stuck in a supply glut that will take some time to clear, BMI said, as it downgraded its forecast for 2024 to $20,000/metric ton from…
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Oil Moves Higher
Oil prices moved higher in Europe on market concerns about heightened tensions in the Middle East. U.S. and British warships shot down one of the largest barrages of missiles and drones fired by Yemen’s Houthi rebels into the crucial Red Sea shipping lane, while Secretary of State Antony Blinken continued his efforts to prevent the…
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Bond Yields Fell
Bond yields fell as investors awaited the inflation data. Some analysts have warned that the market may be too optimistic about the likely pace of Fed rate cuts given that reducing inflation further may prove harder. “Importantly, absent improvements on the supply side, the outlook for continued disinflation to 2% is likely to get trickier…
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Inflation Data Likely To Be Key To Dollar Outlook
Thursday’s inflation data will likely be key to determining the near-term outlook for the dollar and U.S. rates, though it won’t be a “game-changer,” Danske Bank Research said. “We do not expect today’s CPI release to be a game-changer, as we think the figures broadly will align with consensus.” The relatively loose financial conditions around…
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Focus Fixed on Latest Inflation Print
Stock futures traded higher on Thursday ahead of the key inflation print, with tech stocks continuing to lead gains. Economists expect the consumer price index rose 3.2% year over year in December. The reading could provide evidence on whether or not the Federal Reserve will start cutting interest rates as early as March.: Overseas stocks…
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Wall Street Highlights: Mastercard’s Financial Rise, Citigroup’s $3.8 Billion Charges, and More
This Thursday morning, U.S. index futures are showing an upward trend, in anticipation of the imminent consumer inflation data and the start of the fourth-quarter financial results reporting season, a crucial period for Wall Street investors and analysts. At 05:40 AM, the Dow Jones futures (DOWI:DJI) rose 7 points, or 0.02%. S&P 500 futures were…
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US Futures, European Stocks Rise Ahead of U.S. Inflation Data
U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.6% in morning trading. Rational rose 6% and Teleperformance added 4.2%. On the other hand, Viaplay Group…
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Top Company News of the Day: Google, Citigroup, KB Homes, Samsung
Google Trims Hundreds of Jobs as It Marshalls Resources for AI The cuts affect employees in divisions including hardware and internal software tools. Citigroup Taking Charges on Argentina, Russia and Its Restructuring The bank’s profit will be hit by $1.3 billion in reserves and $780 million in severance charges. KB Homes Reports Lower Revenue But…
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U.S. Stocks Move Mostly Higher Ahead Of Inflation Data
After ending the previous session on opposite sides of the unchanged line, the major U.S. stock indexes all moved to the upside during trading on Wednesday. With the upward move, the tech-heavy Nasdaq closed higher for the fourth straight session. The major averages pulled back off their best levels in late-day trading but remained in…