News Formal

Investors Cautious Despite Market Highs Amidst Economic Uncertainty

  • 📰 CNBC
  • ⏱ Reading Time:
  • 57 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 72%

Finance News

Stocks,Economy,Inflation

Despite hitting new highs on Tuesday, stock markets are facing caution as economic indicators signal potential risks. Consumer confidence has dipped with worries over jobs and inflation resurfacing, while experts like JPMorgan CEO Jamie Dimon express concerns about geopolitical tensions and energy supply disruptions.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribein September, down from 105.6 in August. September's figure comes in lower than the Dow Jones consensus forecast of 104 and is the biggest month-on-month drop in three years. Respondents saying jobs were "hard to get" rose to 18.3% from 16.8%.

JPMorgan CEO Jamie Dimon, in an interview with CNBCTV-18, also expressed doubts on the state of the economy. "Markets are pricing things like they're going to be great. Put me on the cautious side of that one," he said. While inflation appears to be mostly tamed, at least by the measure of most Fed officials, Dimon thinks the economy might be dragged down because "geopolitics is getting worse … there is chance for accidents in energy supply."Perhaps some downbeat data and stern reminders about potential risks consoled investors that the recent highs of stock indexes were not driven by irrational exuberance. It's hard to prove this, of course.

But the fact that stocks continue rising even amid uneven economic data suggests the upward trajectory in markets is level-headed, for now. As Evercore ISI senior managing director Julian Emanuel pointed out, "We would be more concerned if we started hearing everything's great everything's roses."Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

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

Fed Officials Sound Cautious Amid Cooling Labor MarketCNBC Daily Open brings investors up to speed on everything they need to know. Today's newsletter discusses Fed officials' cautious tone about the economy, with some expressing surprise at the recent increase in unemployment.
Source: NBCDFW - 🏆 288. / 63 Read more »

Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half. Benchmarks rose in Tokyo, Sydney, Seoul and Hong Kong in Tuesday morning trading.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half.
Source: wjxt4 - 🏆 246. / 63 Read more »