AMSTERDAM (Reuters) – Federal Reserve Chair Jerome Powell on Tuesday said the latest report on U.S. producer prices was more “mixed” than “hot” given that prior data was revised lower even as the figures for April came in higher than expected. “I wouldn’t call it hot, I’d call it mixed,” Powell said at an event […]
Producer price index data out Tuesday showed that inflation ran hotter in April, but downward revisions to earlier data assuaged concerns. Meanwhile, health care prices, the biggest input to the Federal Reserve’s primary core inflation rate, moderated a bit. After the PPI data, S&P 500 futures were little changed ahead of Wednesday’s key consumer price […]
US stocks wobbled on Thursday after a cooler-than-expected reading on producer prices helped soothe investor worries stemmed by Wednesday’s surprise uptick in consumer prices. The Dow Jones Industrial Average (^DJI) dipped 0.2% while the S&P 500 (^GSPC) rose 0.2%, coming off a rout that saw the gauges drop about 1%. The tech-heavy Nasdaq Composite (^IXIC) […]
Dow Jones futures turned higher early Thursday, along with S&P 500 futures and Nasdaq futures on the stock market today, erasing modest losses on the PPI inflation report. That followed Wednesday’s hot CPI inflation report, which hit the major indexes. Meanwhile, artificial intelligence leaders Nvidia (NVDA) and Microsoft (MSFT) are in focus.
(Bloomberg) — European equity futures struggled for momentum and stocks in Asia traded little changed, with investors awaiting readings on US inflation for clues on the Federal Reserve’s interest-rate path. Most Read from Bloomberg Euro Stoxx 50 futures signaled a muted start, while an Asia Pacific equity gauge was little changed, with Hong Kong and […]