U.S. stocks ended higher on Friday, as investors digested a U.S. jobs report that showed hiring rose much more than expected in March while wage growth slowed. The week ahead is expected to be another eventful one as investors continue to look for more cues on the prospects for potential rate cuts. On the economic calendar, most important will be Wednesday’s U.S. consumer price inflation report for March, which is forecast to show headline annual CPI rising 3.4%, compared to the 3.
2% increase recorded in February. The CPI data will be accompanied by the release of the latest figures on producer prices, which will help fill out the inflation picture. Meanwhile, the minutes of the Federal Reserve’s March FOMC policy meeting, due on Wednesday, will also be closely watched
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Stocks Open Higher as Investors Attempt RecoveryStocks opened higher on Thursday as investors attempted a recovery from this week's consecutive losing sessions for the Dow. According to data released Thursday, initial jobless claims increased more than expected last week, hitting their highest level since late January. Additional data posted by the Commerce Department reflected an increased in the trade deficit to $68.9 billion in February, slightly higher than the Dow Jones estimate. Investors' fears that the Federal Reserve may keep rates higher longer have weighed on stocks this week.maintained that while there is still room for interest rate cuts this year, policymakers will need more proof that inflation is moving toward the central bank's 2% guideline before rates can come down. As a result, Wall Street adjusted its expectations for rate reductions. Fed funds futures trading data now suggests a 58
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Stock market today: World stocks higher ahead of US and Japan rate decisionsAsian stocks have advanced and European markets started the day with gains ahead of policy decisions this week by Japan’s central bank and the Federal Reserve.
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Stock market today: World stocks higher ahead of US and Japan rate decisionsAsian stocks have advanced and European markets started the day with gains ahead of policy decisions this week by Japan’s central bank and the Federal Reserve.
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