U.S. Stocks May Lack Direction Following Yesterday?s Rally

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 14 August 2024 09:36:32 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a roughly flat open on Wall Street on Wednesday, with stocks likely to show a lack of direction following the rally seen in the previous session. The futures remained little changed even after the Labor Department released its highly anticipated report on consumer price inflation in the month of July. The Labor Department said its consumer price index rose by 0.2 percent in July after edging down by 0.1 percent in June. The modest increase by consumer prices matched expectations. Core consumer prices, which exclude food and energy prices, also crept up by 0.2 percent in July after inching up by 0.1 percent in June. The uptick by core consumer prices was also in line with economist estimates. Meanwhile, the report said the annual rate of consumer price growth slowed slightly to 2.9 percent in July from 3.0 percent in June. Economists had expected the pace of growth to remain unchanged. The annual rate of core consumer price growth also slipped to 3.2 percent in July from 3.3 per... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports A highly anticipated report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with estimates in the month of July. The Labor Department said its consumer price index rose by 0.2 percent in July after edging down by 0.1 percent in June. The mode... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Kellanova (K) are moving sharply higher in pre-market trading after the food maker agreed to be acquired by snack maker Mars for $83.50 per share in cash, representing a total ... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Europe European stocks have moved higher on Wednesday as investors digest data showing the euro area economy grew by 0.3 percent in the three months to June of 2024, bringing no changes to the initial estimate. However, Eurozone industrial production declined by 0.1 percent month-on-month in June, much worse than expectations for a 0.4 percent rise. Elsewhere, the British pound weakened against other major currencies after data showed U.K. inflation turned softer than anticipated in July. Data from the Office for National Statistics showed that the U.K. consumer price index moved... [Read More]( --------------------------------------------------------------- Asia Asian stocks turned in a mixed performance on Wednesday, as weak Chinese bank lending data and a decision by index provider MSCI to cut Chinese stocks from its indexes offset signs of cooling inflation in the U.S. The dollar index held steady near a four-month low in Asian trading, gold edged up slightly and Treasuries were little changed ahead of the U.S. CPI report due later in the day that could convince the Federal Reserve to ease policy in September. Oil prices rebounded on signs of falling U.S. inventories and simmering tensions ... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are inching up $0.12 to $78.47 a barrel after tumbling $1.71 to $78.35 a barrel on Tuesday. Meanwhile, an o... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49