Data from the U.S. of late has tended to point to a resilient economy, leading the Organization for Economic Co-operation and Development to lift its forecasts for U.S. growth earlier Tuesday.
The Paris-based body said it now expected the U.S. economy to grow 2.2% this year rather than the 1.6% it forecast in June, and while it sees growth slowing to 1.3% next year, that was still better than the 1.0% for 2024 expected in June.In corporate news, earnings are due from auto parts retailer AutoZone , while Instacart is set to start trading on the Nasdaq after the online grocery delivery service priced its initial public offering at the top-end of an upwardly revised target range.
The auto sector will also be in focus after the United Auto Workers union has warned that more U.S. factories would go on strike if no progress is made in talks with automaking giants Ford (NYSE:
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