U. S. futures U. S. They retreated on Wednesday after stocks sometimes settled on Monday and Tuesday as investors nervously awaited the knowledge of inflation showing a rise in prices.
European stocks rose after a combined consultation in Asia. Oil costs rose when the United States faced a blockade of a primary pipeline and the dollar rose.
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Now, investors and investors are focusing on inflation data from the U. S. client index, which is expected at 8:30 a. m. et.
“The market is obsessed with the inflation outlook, this was going to be a big number, however, the huge deficit relative to expectations in last week’s U. S. employment report made the impression of U. S. inflation this week much more important,” he added. said investment firm strategist Brooks Macdonald.
The U. S. economy added just 266,000 jobs in April, according to Friday’s data, less than a million or more expected by analysts.
These figures have led many economists to lower their inflation expectations, but over the weekend, investors and investors re-evaluated the data, and some analysts said the weak jobs report is due to labor shortages, which would be inflationary.
The key factor that concerns markets is whether the Fed will keep its promises to look beyond this in inflation, which it says will be “transitional. “
Any sign that the Fed will reduce its support to the economy faster than expected would be equities, which have soared thanks to ultra-accommodative financial policy over the next year. market interest rates are low.
Asian stocks combined overnight, with Japan’s Nikkei 225 falling by 1. 61%, while China’s CSI 300 rose 0. 43%.
In Europe, the continent-wide Stoxx 600 index rose 0. 33% and the U. K. ‘s FTSE 100 was up 0. 6% after both suffered sharp declines on Tuesday.
In the US, the dollar index rose 0. 14% to 90. 27 ahead of the inflation report, recovering from the sharp fall of recent days.
The yield on the U. S. Treasury key noteU. S. A 10-year index fell 0. 9 basic emissions to 1. 615% on Wednesday, below the March highs but well above the 0. 92% point seen at the start of the year. Yields move in the opposite direction to prices.
Oil costs rose as the United States continued to struggle with the fallout from the colonial pipeline shutdown, which raised gas costs. Brent crude rose 0. 32% to $68. 78 a barrel, while WTI crude rose 0. 38% to $65. 53 a barrel.
Prices have been driven by knowledge of a decline in inventories, while investors continue to expect the call to recover as economies recover, according to Neil Wilson, a market-leading analyst on the Markets. com trading platform.