Big banks post strong Q3 profits, but warn higher rates and inflation could bite
- Economists polled by Dow Jones anticipate September consumer price inflation accelerated to 3.6% year-over-year, up from 3.4% in August, as investors await Wednesday's closely watched report.
- Americans remain concerned about rising grocery and gasoline prices, with fuel averaging $4.33 per gallon, as inflation has ticked higher since the war in Iran began in late February.
- European shares rose Wednesday, supported by upbeat earnings from ASML, which gained 2.4% after reporting strong AI-driven demand for chip-printing tools it cannot fully meet through 2028.
- This inflation data remains critical for future Federal Reserve decisions, coming alongside Thursday's producer price index and Fed Chair Kevin Warsh's final speech before the upcoming rate meeting.
- U.S. futures are mostly higher as Wall Street braces for the report, one of the government's final price releases before midterm elections, providing directional cues for investors navigating market uncertainty.
158 Articles
158 Articles
Investors on lookout for key US inflation data to gauge impact of rising energy costs on Fed's future policy roadmap, while broader tech selloff pressure equity markets across US, Europe
Daily Journal
US futures mostly higher as Wall Street braces for latest consumer inflation report
U.S. futures are mostly higher as Wall Street braces for one of the last price reports the government will issue before the midterm elections. Consumer prices are forecast to have risen 3.6% in September compared with a year earlier, up…
Global Market: European shares rise as ASML rally lifts tech stocks; investors eye US CPI
European shares increased modestly as the pan-European STOXX 600 index recovered from previous losses. ASML's strong demand led technology stocks to gain, while concerns about geopolitical risks remained. Oil prices rose following attacks on vessels in the Strait of Hormuz, which limited gains in equities. The market also awaits US consumer price index data that could impact interest-rate projections.
European stocks rose in early trading today, recovering from modest losses in the previous session. The pan-European STOXX 600 index rose 0.32% to 636.99 points at 10:13 Greek time. The share of the world's largest chip manufacturing equipment supplier, ASML, rose 1.8% after announcing strong financial results. The technology sector rose by 0.8%. ΑΠΕ-ΜΑΝ Read more at iefimerida.gr European stocks rose in early trading today, recovering from mode…
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