Dow futures rose on Monday after the inventory index suffered five straight days of decline, while U. S. oil costs rose on Monday. USA They capped the $70 as the fountain struggled to meet a strong call as the economy reopened.
Futures for the Dow Jones Industrial Average rose 0. 45% at 4:50 a. m. ET, the recovery index after its 0. 78% drop on Friday. Future S
Investors were less optimistic about Asian stocks, as China’s continued crackdown on big business weighed on confidence. China’s CSI 300 index fell 0. 44 percent, while Hong Kong’s Hang Seng fell 1. 66 percent.
In Europe, London’s Stoxx 600 rose 0. 37% in early trading, while London’s FTSE 100 rose 0. 5%.
U. S. stocks fell sharply during the week through Friday as doubts about the strength of the economic recovery and the Federal Reserve’s willingness to hold on as inflation intensifies were resolved.
Wall Street banks have a darker outlook for inventories. Analysts at Deutsche Bank said Thursday that a sharp market slump could be imminent, and inventory costs appear “historically extreme. “Goldman Sachs has lowered its U. S. expansion forecast for 2021.
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The big occasion for investors this week is Tuesday’s release of the U. S. consumer price index inflation awareness. USA By August, it may have an effect on Fed policy. The CPI is expected to rise to 5. 3%, after stabilizing at a 13-year high of 5. 4. % in July, according to economists surveyed through Bloomberg.
“With the U. S. Federal Reserve Assembly. Next week, and the narrative obviously moving towards easing asset purchases as soon as possible, it turns out that fears are developing that the continued rise in inflationary pressures is likely to be much more persistent. bankers want us to believe, with the resulting rise in yields and the rally of the US dollar,” Michael Hewson, lead market analyst at CMC Markets, said in a note.
Elsewhere in the markets, U. S. oil costs are rising. USA They capped $70 a barrel to their highest point since July, and knowledge from the Office of Environmental Safety and Compliance appears the source has been slow to arrive since Hurricane Ida.
WTI crude, the benchmark U. S. index, rose 0. 92% to $70. 34 a barrel, while Brent crude rose 0. 84% to $73. 54 a barrel.
Bitcoin fell 1. 6% to $44,374 as it struggled from Tuesday’s sharp drop of more than $52,000. Cardano’s ada lost 9. 4% to $2. 38, according to CoinGecko’s knowledge, after Sunday’s wise contract update to the network.