Stocks, U.S. futures advance as traders await CPI - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 50%

United States News News

United States United States Latest News,United States United States Headlines

U.S. index futures and European equities rose amid forecasts inflation in the world's largest economy will post the lowest figure this year, warranting a less hawkish Federal Reserve.

Contracts on the S&P 500 and Nasdaq 100 advanced at least 0.1 per cent each after the underlying indexes climbed on Monday by the most in December. The Stoxx 600 gauge was buoyed by energy and technology stocks. Treasuries gained marginally. Oil traded higher on signs of further easing in China's COVID rules. Oracle Corp. jumped in premarket New York trading after posting results above expectations.U.S.

The European equity benchmark recovered from Monday's losses as traders awaited the U.S. release but were also mindful of the European Central Bank's rate decision due Thursday. The continent's policymakers are expected to follow the Fed with their own half-point hike. Meanwhile, data showed that U.K. wages are rising at close to a record pace, maintaining pressure on the Bank of England to keep hiking interest rates despite a worsening economic outlook.

Crude oil rallied, with West Texas Intermediate futures climbing above US$74 a barrel. China's ambassador to the US said the nation will continue relaxing its curbs and will welcome more international travelers soon.

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:

 /  🏆 83. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

Market movers: Stocks seeing action on Monday - and whyA look at North American equities heading in both directions
Source: globeandmail - 🏆 5. / 92 Read more »

Tech industry backs more federal scrutiny of intellectual property transfers in foreign dealsSucceeding in the knowledge economy increasingly means securing intellectual property of domestic companies This would have been great 20 years ago
Source: globeandmail - 🏆 5. / 92 Read more »