All articles tagged with #inflation reports
U.S. stock futures are steady after the Nasdaq hit a new high, with investors awaiting key inflation data that could influence Federal Reserve decisions. Major indices closed higher in the previous session, driven by tech stocks, but concerns remain over upcoming inflation reports and their impact on interest rate policies. Notable after-hours moves include Fox and Dell Technologies shares reacting to corporate news.
U.S. stock futures showed slight gains ahead of key inflation reports, with oil prices rising after OPEC+ announced increased output, while markets remain cautious amid geopolitical and economic uncertainties.
Dow Jones futures are steady ahead of key inflation reports and U.S.-China trade talks, with Amazon, Tesla, Circle, and Palantir stocks rallying amid market optimism. Amazon broke out past a buy point but with weak volume, while Circle surged after its IPO. Tesla rebounded above its 200-day line, and Palantir moved higher. Investors are watching inflation data and trade negotiations, with market rally strategies emphasized.
Stock futures declined slightly as markets near record highs ahead of key US-China trade negotiations and upcoming inflation data, with optimism about trade resolution and strong jobs reports supporting the rally.
U.S. stocks, including the Nasdaq, climbed as investors awaited crucial inflation reports, with Nvidia surpassing Amazon in market value for the first time in two decades. The S&P 500 and Dow also reached record highs, driven by megacaps with exposure to artificial intelligence and optimism about rate cuts. Traders are monitoring upcoming inflation data to gauge the potential for monetary policy easing, while Federal Reserve officials' remarks will be scrutinized for hints on rate cut timing. Diamondback Energy's $26 billion deal and Joby Aviation's air taxi launch agreement also contributed to market movements.
The Nasdaq approached its all-time high, driven by tech stocks and anticipation of upcoming inflation reports, while Nvidia surpassed Amazon in market value for the first time in 20 years. U.S. stocks climbed, with the S&P 500 and Dow trading at record highs. Investors are awaiting crucial inflation data to gauge the potential for monetary policy easing. Additionally, companies like Joby Aviation and Diamondback Energy made significant moves in the market.
The S&P 500 and Nasdaq reached near two-week highs as megacap stocks like Microsoft, Alphabet, Amazon, and Meta Platforms rose, driven by lower Treasury yields. Investors are awaiting inflation reports and earnings from major lenders later in the week, which could impact the monetary policy trajectory. Crypto stocks, including Coinbase, Bitfarms, and Riot Platforms, dipped after a fake social media message regarding the approval of exchange traded funds. Boeing rebounded, while DocGo dropped after a short position was revealed.
Asian markets are expected to rebound following a relief bounce around the world, with currency traders preparing for inflation reports from South Korea, the Philippines, Thailand, and Taiwan. The recent fall in the 10-year Treasury yield has eased stress in global markets, leading to a decrease in the dollar, a recovery in Wall Street, and a slump in oil prices. However, investors remain cautious as volatility remains high and yield curve steepening continues. Japanese assets are also sensitive to possible Bank of Japan activity, and the yen is still near 150.00 per dollar. Key developments on Thursday include inflation data from several Asian countries and Australia's trade balance.
The publication of major U.S. economic data, including employment and inflation reports, will be suspended indefinitely if the federal government shuts down due to lack of funding. This would leave policymakers, investors, businesses, and ordinary Americans in the dark as they make key decisions. The suspension would affect government agencies such as the Bureau of Labor Statistics and the Census Bureau, delaying the release of important data on jobs, consumer prices, retail sales, housing starts, and GDP. The Federal Reserve, as a self-funding agency, would continue to release data, policy statements, and reports.
Asia-Pacific markets are on the rise ahead of the release of business activity data and inflation reports from countries in the region. China is set to release its July purchasing managers index (PMI) for both the manufacturing and non-manufacturing sectors, with expectations of the manufacturing PMI remaining in contraction territory for a fourth straight month. Japan's industrial production in June was lower than expected, while the electric car market in China is facing challenges with cash flow and deliveries. Additionally, there are cheaper stocks available in the market, and technology stocks have rallied, lifting the Nasdaq Composite.
Gold and silver prices are slightly higher ahead of a busy U.S. data week next week, including inflation reports and the FOMC meeting. The marketplace is looking ahead to next week’s FOMC meeting of the Federal Reserve, which begins Tuesday and ends Wednesday afternoon with a statement and press conference from Fed Chairman Powell. A majority of the marketplace thinks the Fed will pause in its interest-rate-tightening cycle. The silver bulls have gained the overall near-term technical advantage.