Stocks recover at quarter end as inflation diminishes

📆 9/29/2023 4:12 PM
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Short-covering amid lower inflation helps stocks stabilize, says Axel Rudolph, Senior Market Analyst at online trading platform IG. Stock stabilize on

Stock stabilize on last day of quarterinflation measure slow down. A lower oil price, US yields and US dollar also help sentiment, despite the greenback remaining on track for its eleventh consecutive week of gains."“As last ditch attempts in Congress to avert a US government shutdown look set to fail,

and negative market sentiment may once more rear their heads amid next week's European and US PMI, industrial production and employment data."This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument.

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