Futures Edge Higher Following Closely Watched Inflation Data

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Friday, 27 September 2024 09:02:14 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a modestly higher open on Friday, with stocks likely to add to the gains posted in the previous session. The futures edged higher following the release of closely watched readings on U.S. consumer price inflation in the month of August. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in August after rising by 0.2 percent in July. The uptick matched expectations. The report also said the annual rate of growth by the PCE price index slowed to 2.2 percent in August from 2.5 percent in July. Economists had expected the pace of growth to slow to 2.3 percent. The slightly bigger than expected slowdown by annual price growth may generate optimism the Federal Reserve will continue to aggressively lower interest rates in the coming months. Excluding food and energy prices, the core PCE price index also edged up by 0.1 percent in August after increasing by ... [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 Consumer prices in the U.S. crept up in line with economist estimates in the month of August, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in August after rising by 0.2 percent in July. The uptick matched expectations. The report also said the annual rate of growth by the PCE price index slowed to 2.2 percent in August from 2.5 per... [Read More]( --------------------------------------------------------------- Europe European stocks have moved higher on Friday and look set to end the week on a positive note amid renewed optimism over China's stimulus move, and on expectations of more interest-rate cuts by the Fed and other central banks. While the German DAX Index has jumped by 1.1 percent, the French CAC 40 Index is up by 0.5 percent and the U.K.?s FTSE 100 Index is up by 0.4 percent. On the economic front, French consumer price inflation eased in September to the lowest level in more than three years amid a fall in ene... [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 Equity markets in Asia cheered China implementing policy announcements made earlier in the week to support economic growth. The euphoria eclipsed anxiety surrounding the release of the PCE-based inflation readings from the U.S. on Friday. China's Shanghai Composite Index surged 2.8 percent to finish trading at 3,086.08. The day's trading ranged between 3,086.14 and 3,017.45. The highest level in four months also helped Shanghai Composite to post the best week since 2008. The Shenzhen Component Index jumped 6.7 percent to close at 9,514.86. The Japanese benchmark Nikkei 225 Index rallied 2.3 percent to close at 39,829.56. The day's trading range was between 39,829.56 and 38,917.98. Lasertec Corp. gained 8.2 percent followed by ... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are inching up $0.03 to $67.70 a barrel after plunging $2.02 to $67.67 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