Stocks settle in for nervous wait on US CPI

Quick Summary:

SINGAPORE: Asian stock markets and the dollar took a breather on Wednesday ahead of an anticipated rate cut in Canada and a U.S.inflation reading expected to leave the Fed on course to cut rates again.

No forecasts were above 0.3%, which analysts say leaves markets vulnerable to a surprise."The 0.4% case is a barnburner," said trader and president at analytics firm Spectra Markets, Brent Donnelly.

The S&P 500 had dipped 0.3% on Tuesday though it was just 65 points, or a little short of 1% shy of its all-time high.U.S.futures rose 0.1% in the Asia session.European futures fell 0.2% and FTSE futures fell 0.4%.

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Category: EconomyBusiness

Markets: MalaysiaAustraliaBrazilCanadaChinaJapanSingapore

Topics: Equities /Business/Business News Markets Asia Trading Economy Commodities

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News Sentiment: Negative

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Article Type: News Report

Published On: 2024-12-11 @ 15:02:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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News ID: 24349114

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