Positive Reaction To Inflation Data May Lead To Strength On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Friday, 30 August 2024 09:36:56 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a higher open on Friday after the Commerce Department released readings on U.S. consumer price inflation that are said to be preferred by the Federal Reserve. The report showed consumer prices increased in line with economist estimates in the month of July, while the annual rate of price growth was unexpectedly flat. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after inching up by 0.1 percent in June. The modest increase matched expectations. The core PCE price index, which excludes food and energy prices, also crept up by 0.2 percent in July. The uptick matched the increase seen in June as well as economist estimates. Meanwhile, the report said the annual rates of growth by the PCE price index and the core PCE price index were both unchanged at 2.5 percent and 2.6 percent, respectively. Economists had expected the year-over-year growth by both the PCE price index and the core PCE price index to tick up by 0.1 percentage point. With the Fed almost universally expected to cut interest rates next month, the lack of acceleration in the yearly price growth may lead to optimism the central bank will lower rates at... [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 Commerce Department on Friday showed U.S. consumer prices increased in line with economist estimates in the month of July, while the annual rate of price growth was unexpectedly flat. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after inching up by 0.1 percent in June. The modest increase matched expectations. The core PCE price index, which excludes food and energy prices, also crept... [Read More]( --------------------------------------------------------------- Europe European stocks are moving higher on Friday as traders digest a slew of regional data as well as the closely watched U.S. consumer price inflation data. Eurozone inflation slowed sharply in August to its lowest level since mid-2021 due to falling energy costs, Eurostat data showed, adding impetus to calls for cuts to interest rates in the region. Consumer price growth slowed to 2.2 percent in August from 2.6 percent in July. A separate set of data revealed that the seasonally adjusted unemployment rate in the euro area dropped by 0.2 percentage points to 6.4... [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.]( --------------------------------------------------------------- Asia Asian stocks advanced on Friday as strong U.S. GDP and labor market data hinted at a soft landing for the world's largest economy. The dollar held near a one-week high versus major peers and was on track to snap a five-week losing streak ahead of the release of Federal Reserve's preferred inflation metric due later in the day, which is expected to show a slight uptick in price pressures in July. The Federal Reserve is all but certain to cut interest rates by 25 basis points next month amid signs that inflation is heading down to... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are inching up $0.01 to $75.92 a barrel after jumping $1.39 to $75.91 a barrel on Thursday. Meanwhile... [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