Stocks slip as caution reigns ahead of US inflation data

LONDON, Aug 9 —Shares edged lower and the dollar hung off recent highs today as investors eyed US inflation data due a day later that will likely yield clues to any further aggressive Federal Reserve rate hikes.

“The focus is on tomorrow’s US inflation numbers and whether or not they are likely to show any indication of a softening of inflationary pressures,” said Michael Hewson, chief market analyst at CMC Markets. Inflation expectations There were some encouraging signs for the Fed on the prices front, with a New York Fed survey today showing consumers’ inflation expectations fell sharply in July.

Canada Canada Latest News, Canada Canada Headlines

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

Asia stocks wobble as focus turns to US inflation data, Fed outlookHONG KONG, Aug 9 — Asian shares were down today as financial markets fretted about persistent global cost pressures, with investors turning their focus this week to US inflation...
Source: malaymail - 🏆 1. / 86 Read more »

Asia stocks edge up, buyers wary as markets await U.S. inflation testHONG KONG: Asian shares eked out modest gains on Tuesday as buyers were held back by persistent global cost pressures, with investors turning their focus this week to U.S. inflation data and the prospects for further aggressive Federal Reserve rate hikes.
Source: staronline - 🏆 4. / 75 Read more »