Morning bid: Earnings hurdle cleared - CPI fence up next

Weather’s role in wildfires in Atlantic Canada | SaltWire #weather #climatechange #wildfireseasonWall Street and world stock markets have cleared the first-quarter corporate earnings season comfortably enough to be back stalking record highs, but macro markets don't want to budge much further until they see this week's U.S. inflation update.Wednesday's U.S.

Despite the bumpier U.S. CPI readings through the first quarter, one-year ahead inflation expectations in the NY Fed survey stayed constant at 3% through the first three months of the year. The University of Michigan's 1-year outlook, however, jumped to 3.5% this month from 3.2% in April - even as consumer sentiment fell sharply.

With new bank lending in China falling more than expected in April, and broad credit growth hitting a record low, pressure for more stimulus to support the economy remains intense. For Chinese stocks, however, geopolitics is never far from the headlines. Even though Hong Kong stocks rose again on Monday, mainland shares were more subdued as new energy vehicle shares lost 2.2% following Friday's news that U.S. President Joe Biden's planned new China tariffs would including a major hike in levies on electric vehicles.

Back on Wall Street, the CPI vigil left the S&P500 little changed on Friday and futures are likewise ahead of today's bell.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Morning bid: Earnings hurdle cleared - CPI fence up nextWall Street and world stock markets have cleared the first-quarter corporate earnings season comfortably enough to be back stalking record highs, but macro...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Walmart earnings, CPI, housing data: What to Watch Next WeekMarket Domination Overtime Hosts Josh Lipton and Julie Hyman preview the biggest headlines and events for investors next week, including earnings out from...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Tesla probe, Reddit earnings, market outlook: Morning BriefTesla stock (TSLA) is being dragged down lower after US Department of Justice (DOJ) officials are focusing their attention on alleged securities and wire...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

The biggest earnings week is still a month away: Morning BriefNvidia will report earnings in late May, an event that is likely more crucial to the overall market than the coming week's crush of results and economic data...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morning Bid: Recoiling oil and dollar sow calm as tech earnings loomExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Morning Bid: Recoiling oil and dollar sow calm as tech earnings loomA sharp retreat in oil prices and a rare joint warning from major economies against excessive dollar strength have helped calm restive markets just as Big...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »