WASHINGTON (Reuters) -The White House said on Friday there likely will not be a release of inflation data next month due to the U.S. government shutdown. Because of Congress’ failure to pass a stopgap funding bill, “Surveyors cannot deploy to the field – depriving us of critical data,” the White House said on its official…
US stock futures made gains flat Thursday night as investors looked ahead to a crucial inflation report that could shape expectations for the Federal Reserve’s next policy moves. Dow Jones Industrial Average futures (YM=F) inched up 0.1%. Contracts on the S&P 500 (ES=F) made 0.2% gains while Nasdaq 100 futures (NQ=F) rose 0.3%. All eyes…
US stocks stepped higher on Monday as Wall Street kicked off a packed week full of high-profile earnings and a delayed release of key inflation data. The Dow Jones Industrial Average (^DJI) nudged up roughly 0.4%, while the S&P 500 (^GSPC) rose 0.5%. The tech-heavy Nasdaq Composite (^IXIC) also gained around 0.5%, with stocks coming…
The government shutdown will throw important federal data-gathering activities for a loop, likely delaying Friday’s release of the hotly anticipated jobs report. The “employment situation” report, which shows the unemployment rate and number of new jobs created during the prior month, is a key gauge of economic health and closely watched by investors and policymakers…
SYDNEY (Reuters) -Australia’s central bank will be on alert to the risk that economic outlook may change, but the flow of data has been roughly in line with its expectations, its governor said on Monday. Appearing before lawmakers, Reserve Bank of Australia Governor Michele Bullock said the recent rate cuts were expected to support spending…
Inflation data will highlight an otherwise tame earnings and economic calendar in the first full trading week of September as investor attention turns to the Federal Reserve’s next policy meeting. Stocks finished last week on a down note, with stocks sliding after a soft August jobs report served as the latest piece of evidence that…
By Lewis Krauskopf NEW YORK (Reuters) -A spate of inflation data confronts U.S. stock investors in the coming week as markets grapple with fresh uncertainty over tariffs and government bond yields, while equities hover at lofty valuations. The benchmark S&P 500 index closed at a record high on Thursday despite an uneven start to September,…
By Davide Barbuscia NEW YORK (Reuters) -Investors are bracing for volatility as Federal Reserve Chair Jerome Powell walks a fine line between curbing inflation and supporting the labor market, with thin August trading poised to magnify any market moves from his Jackson Hole speech on Friday. Wall Street largely expects Powell will signal an imminent…
Markets ended the week largely unfazed by a hotter wholesale inflation print and signs of firming consumer prices, but some economists warn the underlying story is more concerning than investors seem to believe. The Producer Price Index (PPI) for July surged to a three-year high, with services inflation playing a key role in the gains….
Oil prices dipped in early European trading on Friday morning, ahead of US president Donald Trump’s meeting with Russian president Vladimir Putin in Alaska later in the day, to discuss the war in Ukraine. Brent crude (BZ=F) futures fell 0.6% to $66.44 per barrel at the time of writing, while West Texas Intermediate futures (CL=F)…