INFLATION DATA
Jobs, inflation data may break the US Treasury market out of narrow range
Bond market trends are closely tied to Powell's testimony, economic indicators, and Treasury yield movements. Factors like the recent Australia inflation rebound, central bank actions, and insights from Macquarie Group are key considerations for investors navigating market uncertainties.
Wall Street ends lower as investors digest inflation data, presidential debate
Market dynamics were influenced by strategic acquisitions like Nokia's deal with Infinera, impacting trading volume. Sector performances varied, with energy and real estate sectors showing resilience, while utilities and communications services faced declines.
Fed gets heartening inflation data, but slow road ahead
The US Federal Reserve has received encouraging data suggesting inflation is cooling, which has eased concerns about the effectiveness of monetary policy. However, the road to the Fed's 2% inflation goal, measured in year-over-year terms, is likely to be long, complicating discussions about when to cut interest rates.
Gold prices heads for quarterly rise; spotlight on inflation data
In the world of gold investment, tracking prices, inflation data, and the Federal Reserve's stance is key. Market dynamics shift based on factors like GDP estimates, equipment spending, and spot silver prices. Understanding these nuances is crucial for making informed investment decisions in a constantly evolving economic environment.
Wall Street closes subdued as investors sit, wait for inflation data
Tech stocks like Amazon surged as market volatility persisted. Atlanta Fed President hinted at rate cuts amidst narrowing inflation. Micron's revenue forecast met mixed reactions, reflecting ongoing market uncertainty.
US stocks edge up ahead of presidential debate, inflation data
The broad-based S&P 500 gained 0.2 percent to 5,488.04, while the tech-rich Nasdaq Composite Index advanced 0.3 percent to 17,863.99.
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Wall Street ends slightly up, trade choppy ahead of inflation data
Strategic investments like Volkswagen's $5 billion in Rivian signal a shift towards sustainable energy. The market anticipates further developments in the electric vehicle sector. Investors carefully analyze such moves, impacting stock performances and sector trends. The market remains dynamic, responding to key catalysts and economic indicators for future insights.
Australian shares fall as inflation data triggers rate hike worries
Australian shares closed lower on Wednesday, dragged by declines in financial and mining stocks, as concerns about rate hikes heightened the risk of loan defaults and higher cost of capital.
Asian shares shaky as investors wary before US inflation data
Asian stocks hesitated in early trade amid anticipation for a crucial U.S. inflation reading. Concerns over potential Japanese intervention lingered as the yen approached 160 per dollar. Japan and Taiwan stocks rallied, while China's market saw a slight decline. Fed comments and stable housing market data influenced rate cut expectations.
Nasdaq ends higher on tech strength; Dow pulls back
Tech stocks like Nvidia led the market surge as investors awaited crucial inflation data. Retailers weighed down the Dow, but the S&P 500 rebounded. FedEx projected profit growth, while Carnival Corp raised its annual forecast. Spirit AeroSystems attracted attention amid acquisition talks with Boeing.
Dow closes at a one-month high as investors broaden portfolios
The Dow reached a one-month high, but the Nasdaq fell over 1% as investors shifted from AI-linked stocks. Federal Reserve rate cuts were anticipated, impacting market movements.
Dow jumps nearly 1% amid broader market rally in countdown to inflation data
Investors anticipated remarks from Fed's Mary Daly amid discussions on sustained higher interest rates. As of 11:53 a.m. ET, the Dow Jones rose 0.88%, S&P 500 saw a slight gain, while Nasdaq dipped marginally.
Gold gains on dollar retreat, focus on US inflation data
Gold prices rose on Monday, helped by a pullback in the dollar, while investors looked forward to U.S. inflation data due later this week that could offer more clarity on the Federal Reserve's monetary policy.
Fed's Goolsbee still looking for data inflation is cooling: Report
Federal Reserve Bank of Chicago President Austan Goolsbee is still looking for inflation to cool further as part of the process that would open the door to a rate cut.
Asia shares subdued as inflation, politics loom large
Asia shares subdued awaiting U.S. price data for inflation cues. Markets cautious of Japanese intervention as dollar tests 160 yen level. Geopolitical events like U.S. debate and French election add uncertainty.
Fed's Goolsbee: 'More months' of good inflation data needed
Federal Reserve Bank of Chicago President Austan Goolsbee expressed relief over cooling inflation in May but prefers more months of data before cutting interest rates.
Nasdaq hits fresh record high on soft producer inflation data, chip strength
Nasdaq-listed Broadcom surged 14.3% to a record high after the chipmaker raised its revenue forecast for semiconductors used in artificial intelligence (AI) technology. Additionally, the company announced a 10-for-1 forward stock split. Meanwhile, AI chip leader Nvidia saw a 3.3% increase, contributing to a 1.5% rise in the Philadelphia SE Semiconductor Index, which reached an all-time peak.
Asian stocks build on Wall St records after US inflation data
Asian traders extended a rally across world markets Thursday as they welcomed figures showing US inflation slowed further last month, tempering concerns about the Federal Reserve's forecast of just one interest rate cut this year. However, the Fed later in the day released its keenly awaited "dot plot" outlook for interest rates, which showed that decision-makers saw just one cut this year -- down from three predicted in its previous guidance in March.
GIFT Nifty rises 90 points; here's the trading setup for today's session
Nifty scaled fresh highs but saw profit booking. SGX Nifty signals a positive start. Tech View warns of a downward correction. Nagaraj Shetti expects selloff below 23200 levels. Global markets show mixed movements. Oil prices fell. Stocks in F&O ban today include Balrampur Chini Mills, SAIL, and India Cements.
China stocks slip on mild inflation data, trade worries
China stocks slipped as consumer prices remained soft. The dollar held firm ahead of key U.S. inflation report. Market indices like Shanghai Composite and CSI300 were slightly down. MSCI's Asia ex-Japan stock index showed slight gains. Hang Seng Index and Shenzhen index were down, impacting market performance.
Fed pivot or not, RBI likely to go its own way on rates, says I-SEC PD
“It is plausible to make the interpretation that RBI MPC may well pivot before Fed starts its own cutting cycle and that was the motivation for the statement... However, we believe the reason for this emphasis was the opposite based on other statements,” wrote economists from ICICI Securities Primary Dealership.
Global stock index rises slightly while euro falls, yields up
MSCI's global equities index rose while investors awaited U.S. inflation data and central bank policy meetings. The euro fell after French President Emmanuel Macron called a snap election.
India bond yields seen little changed ahead of inflation data, Fed meet
Indian government bond yields expected to remain stable as market watches inflation data in India and the U.S. and the Federal Reserve's monetary policy decision on Wednesday.
Wall St cautious ahead of key inflation data, Fed meeting
This week's focus includes the Consumer Price Index inflation report for May and the conclusion of the Fed's two-day policy meeting, both scheduled for Wednesday. The central bank is expected to release updated economic and policy projections and is widely anticipated to hold interest rates steady. The S&P 500 trimmed its early losses, while gains in Microsoft, Amazon.com, and Broadcom helped lift the Nasdaq slightly higher. These stocks rose between 0.8% and 2.5%.
Inflation, Fed meeting to give clues for US market direction
Investors await next week's inflation data and Fed meeting for signals on stock market trajectory amid conflicting economic signals. S&P 500's 12% YTD rise hinges on Fed's ability to manage inflation without hampering growth.
JPMorgan, Citi scrap Fed rate-cut bets for July after jobs data
JPMorgan's chief US economist, Michael Feroli, stated in a report on Friday that "the recent momentum in job growth" indicates that the "broader" labor-market weakening, which the Fed mentioned could justify a rate cut, might take more than three months to materialize.
Wall St Week Ahead-Inflation, Fed meeting to give clues for US market direction
Political uncertainty may impact market stability. Early presidential debate raises concerns about 2024 election influence. Market attention shifts from economic data to political landscape.
S&P hits new 52-week high; Dow, Nasdaq set for weekly gains after mixed data
The Labor Department's closely watched Nonfarm Payrolls report showed the economy added 272,000 jobs in May, far more than expected, while average hourly earnings beat expectations. That sent stocks lower initially, as traders slashed bets on a September rate reduction. However, indexes pared losses after other data pointed to underlying economic weakness.
European Central Bank set to cut rates for the first time since 2019 even as inflation fight continues
All 82 economists polled by Reuters expected the ECB to trim its deposit rate to 3.75% on Thursday from a record 4.0%, in what would be its first cut since 2019. ECB policymakers have clearly telegraphed their intention to lower borrowing costs after seeing inflation in the 20 countries that share the euro fall from more than 10% in late 2022 to just above their 2% target in recent months.
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