Premarket: Stocks slip as investors cautiously await U.S. inflation data

European shares lost ground on Wednesday, mirroring a drop in Asian stock markets, as investors cautiously awaited U.S. inflation data that is expected to put the Federal Reserve on course to cut rates again, with the dollar holding near a two-week high.

The median forecast of economists polled by Reuters is for headline and core U.S. consumer prices increasing 0.3% month on month for November. No forecasts were above 0.3%, which analysts say leaves markets vulnerable to a surprise. The yuan fell around 0.3% to 7.2803 per dollar, with the Korean won and the China-sensitive Australian and New Zealand dollars also dipping.

“We think today’s Bank of Canada decision may have some read over to the US,” ING analysts wrote, noting that a 50 bps cut would signal a “strong view” that the Fed will cut rates by 25 bps next week.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Premarket: World stocks head for best month since May as Trump trades lift Wall StreetU.S. futures point to a higher open
Fuente: globeandmail - 🏆 5. / 92 Leer más »

Wall Street stocks end lower after inflation data, tech stocks push Nasdaq downThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »

Premarket: Stocks push higher, U.S. dollar pauses as markets await Trump appointmentsNvidia earnings on Wednesday may set near-term tone for stocks
Fuente: globebusiness - 🏆 31. / 66 Leer más »

Premarket: Global stocks rise with cooling geopolitics ahead of Nvidia earningsWall Street futures up, U.S. dollar steady
Fuente: globebusiness - 🏆 31. / 66 Leer más »

Premarket: Global stocks sputter as Nvidia’s growth slows, bitcoin hits new highRussia-Ukraine concerns lift gold, oil
Fuente: globeandmail - 🏆 5. / 92 Leer más »

Premarket: European stocks dip, ignoring China rally, Aussie falls after RBAChina bond yields hit record lows
Fuente: globebusiness - 🏆 31. / 66 Leer más »