US CPI inflation
Dow Surges Past 40,000 as Slowing Inflation Fuels Rate-Cut Hopes | Daily Market Analysis
Key events: UK - GDP (QoQ) (Q2) USA - Core Retail Sales (MoM) (Jul) USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Aug) USA - Retail Sales (MoM) (Jul) The Dow closed above the 40,000 mark on Wednesday, rising as signs of slowing inflation bring the Federal Reserve closer to potentially cutting interest rates next month. The Dow Jones Industrial Average gained 242 points, or 0.6%, ending at 40,008.12. The S&P 500 increased by 0.3%, while the NASDAQ Composite remained flat.
S&P 500 Hits New High Amid Fed's Rate Cut Signals | Daily Market Analysis
Key events: USA - Initial Jobless Claims USA - PPI (MoM) (May) USA - 30-Year Bond Auction On Wednesday, the S&P 500 achieved an intraday record high before closing with a gain, despite the Federal Reserve indicating only a single rate cut for this year. Positive sentiment was buoyed by data revealing that May's inflation was cooler than anticipated.
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