US EditionStocks, Dollar Rise Before Key US Inflation Data
Markets rose as investors awaited the US PCE inflation report, with ADP data showing 30,000 jobs lost, boosting expectations of multiple Federal Reserve rate cuts in 2026.
- On Friday, investors pushed global stocks higher as they awaited the US personal consumption expenditures inflation reading, with major stock markets mostly rising and the dollar gaining slightly.
- The personal consumption expenditures index is the Fed's preferred gauge, and a below-forecast print is tipped to ramp up forecasts of several rate reductions in 2026, following an almost certain cut next week.
- On the corporate front, a blockbuster IPO and huge oversubscription signalled strong investor appetite as payrolls firm ADP reported more than 30,000 job losses and Moore Threads Technology raised $1.1 billion, with shares surging more than 500 percent after being over 4,000 times oversubscribed.
- Wall Street ended mixed on Thursday as investors adjusted positions ahead of the PCE, with euro/dollar , pound/dollar softer and Brent North Sea Crude easing.
- Corporate targets and inflation dynamics together shape expectations for markets next year, as debate swirls over the Fed's plans amid US inflation, with Matteo Lindauer noting the 2026 group profit target of $4.5 billion is eight percent below estimates.
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Stocks, dollar rise before key US inflation data
Major stock markets mostly rose and the dollar gained slightly Friday as investors awaited the release of key US inflation data that could cement expectations that the Federal Reserve will cut interest rates next year.
Hargreaves Lansdown: Global markets nervously await US inflation data
Following a sideways day on Wall Street yesterday – the S&P 500 moved just 7 points, and the NASDAQ similarly unresponsive – Asian markets fell overnight. European stock futures are broadly flat. The spectre hanging over global markets is the inflation print from the US, the Core PCE Price Index (personal consumption expenditure) which is expected to come in at 2.8%. The previous print for August year on year was 2.91%. Why does it matter? Those…
World Stock Exchanges wait before US inflation. The post Stock Exchange: what moves on the markets before the opening Friday appeared first on Les Affaires.
Investors are waiting for the Federal Reserve (Fed) favorite inflation indicator to sacrament the court in December
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