Mixed Inflation Data May Lead To Initial Pullback on Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 11 September 2024 12:48:52 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to give back ground after moving mostly higher over the two previous sessions. The futures remained in negative territory following the release of the Labor Department?s closely watched report on consumer price inflation in the month of August. While the report showed consumer prices increased in line with economist estimates, core consumer prices rose by slightly more than expected. The Labor Department said its consumer price index rose by 0.2 percent in August, matching the uptick seen in July as well as economist estimates. However, core consumer prices, which exclude food and energy prices, climbed by 0.3 percent in August after rising by 0.2 in July. Economists had expected core prices to... [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 While the Labor Department released a report on Wednesday showing consumer prices in the U.S. increased in line with estimates in the month of August, the annual rate of consumer price growth slowed by slightly more than expected. The Labor Department said its consumer price index rose by 0.2 percent in August, matching the uptick seen in July as well as economist estimat... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Dave & Buster's (PLAY) are moving sharply higher in pre-market trading after the restaurant and entertainment business reporter better than expected fiscal second quarter ear... [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 are mostly higher on Wednesday as traders digest the U.S. consumer inflation data. The focus is also on the European Central Bank (ECB), which is likely to reduce lower borrowing costs for the second time this year on Thursday. The pan European STOXX 600 Index is up by 0.5 percent at 510.30 after falling half a percent on Tuesday. The German DAX Index is... [Read More]( --------------------------------------------------------------- Asia Asian stocks declined on Wednesday as investors watched the latest updates on the Trump-Harris presidential debate and braced for U.S. consumer price inflation data that could influence the Federal Reserve's policy moves next week. Analysts expect the headline CPI to have risen 0.2 percent month-on-month in August, unchanged from the previous month. The dollar dropped, while gold gained ground due to dovish Fed expectations. Current expectations lean towards a 25-basis point cut, but that may not be enough to get ahead of the economy. Oil prices rose more than ... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are jumping $1.45 to $67.20 a barrel after plunging $2.96 to $65.75 a barrel on Tuesday. Meanwhile, an ounc... [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