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Top Monex Europe News
US Economy · United StatesU.S. consumer prices rose more than expected in August and the annual increase in inflation was the largest in seven months, but the data is not expected to prevent a much-anticipated interest rate cut from the Federal Reserve next week against the backdrop of labor market weakness.See the Story
US inflation increased more than expected to 2.9% in August
68% Center coverage: 121 sources
Trade · United States Global shares were trading mixed Monday, as markets looked ahead to a possible move by the U.S. Federal Reserve later this week to cut interest rates. France’s CAC 40 jumped 1.2% in early trading to 7,915.30, while the German DAX gained 0.6% to 23,838.03. Britain’s FTSE 100 was little changed, inching down less than 0.1% to 9,282.51. U.S. U.S. shares were set to drift higher with Dow futures gaining 0.2% to 46,287.00. S&P 500 futures rose nearly 0.1% to 6,650.50. In Asia, Hong Kong’s Hang Seng added 0.2% to 26,446.56. The Shanghai Composite edged down 0.3% to 3,860.50.See the Story
Global Shares Trade Mixed as Focus Shifts to Fed's Next Move
47% Center coverage: 59 sources
Unemployment · United StatesInflation rose last month as the price of gas, groceries and airfares jumped while new data showed applications for unemployment aid soared, putting the Federal Reserve in an increasingly tough spot as it prepares to cut rates at its meeting next week.See the Story
Rising Inflation and a Deteriorating Job Market Puts the Fed and Americans in a Difficult Spot
57% Center coverage: 28 sources
