inflation data, stock markets
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The dollar fell and major U.S. stock indexes rose on Tuesday on news that U.S. consumer inflation picked up less than expected in April when President Donald Trump unveiled a raft of tariffs that has wreaked havoc on global markets.
The U.S. stock markets opened mixed due to varied investor reactions to the latest inflation figures and their potential influence on monetary policy. While inflation showed a moderate rise in April,
US stock futures paused their rally as investors focused on a key inflation report and lingering economic concerns, even after the trade truce between the US and China.
U.S. stock index futures rose following a lower-than-expected inflation report, suggesting potential Federal Reserve rate cuts. Inflation rose 0.2% in April monthly and stood at 2.3% annually, under economist expectations.
Shelter costs rose 0.3% in April, contributing to over half of the total monthly increase in the overall consumer price index. Airline fares, used vehicles, communication services and apparel were among the key categories that saw price declines in April.
Markets this week face inflation data, retail sales, Powell’s speech, and key earnings—setting the tone for trading and rate expectations.
The rally in stock futures began following high-level trade discussions in Switzerland, which US officials described as 'productive.' Dow Jones Industrial Average (YM=F) futures rose by over 400 points,
Treasury yields hold firm as jobless claims rise, with markets eyeing Friday’s payrolls report. Here's what we're seeing.
The dollar stayed under pressure after Trump repeated his call for interest-rate cuts following Tuesday’s lower-than-expected U.S. inflation data.
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