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11.12.24 - 17:02
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US crude stocks fall, gasoline and distillate inventories rise, EIA says (Reuters EN)
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US crude stocks fall, gasoline and distillate inventories rise, EIA says DENVER, Dec 11 (Reuters) - U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending December 6, the Energy Information Administration said on Wednesday. Crude inventories fell by 1.4 million barrels to 422 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 901,000-barrel draw....
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11.12.24 - 16:45
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Wall Street Reacts To CPI Report, Even As Markets Price In Certainty Of Dec Rate Cut (ZeroHedge)
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Wall Street Reacts To CPI Report, Even As Markets Price In Certainty Of Dec Rate Cut
Today's CPI report - the final important economic report of 2024 - came on the screws with every Inflationary metric coming in as expected (if somewhat hotter when looked at a bit closer). Still, the market was relieved that the print did not beat estimates (as some whispers hinted), and for many this was enough to assure that the Fed cuts rates by 25bps next week before potentially pausing in January. Many... but not all.
As the following kneejerk reaction snapshots from a selection of Wall Street analysts, strategists and economists suggests, even today's print wasn't enough to assure everyone that a 25bps cut is a done deal, even if market implied odds are now up to 97.9%
Below we excerpt several key post-CPI soundbites:
Neil Birrell, Premier Miton Investors
"This report will give the Fed confidence. Investors will also take heart, as the lack of a surprise, good or bad, allows for more certainty in dec...
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11.12.24 - 15:39
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U.S. STOCKS Exxon Mobil, Mondelez International, Macy′s (Reuters EN)
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BUZZ-U.S. STOCKS ON THE MOVE-Exxon Mobil, Mondelez International, Macy's Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were set for a higher open on Wednesday after an in-line inflation reading kept intact bets on the Federal Reserve cutting interest rates later this month....
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11.12.24 - 15:21
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US stock futures give thumbs up to in-line CPI data (Reuters EN)
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LIVE MARKETS-US stock futures give thumbs up to in-line CPI data US headline CPI rises 0.3%, year-on-year, up 2.7% Wall St futures advance STOXX 600 up ~0.3 China mulls weaker yuan Dollar ~flat, gold up ~0.3%, crude up >1%, bitcoin up ~2% US 10-year yield slips to 4.21% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters....
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11.12.24 - 14:36
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Futures Suggest Wall Street To Open Broadly Up (AFX)
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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Initial trends on the U.S. Futures Index suggest that Wall Street might open broadly up on Wednesday. Investors might be focusing on heightened geopolitical te......
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11.12.24 - 13:50
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Stocks steady as investors cautiously await US inflation data (Reuters EN)
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GLOBAL MARKETS-Stocks steady as investors cautiously await US inflation data Euro STOXX 600 down 0.3% Dollar holds near two-week high S&P 500 futures steady Investors await US inflation due at 1330, Canada rate decision MSCI Asia ex-Japan -0.4% Updates prices as of Europe early afternoon trading By Tom Wilson LONDON, Dec 11 (Reuters) - Shares steadied on Wednesday as investors cautiously awaited pivotal U.S....
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11.12.24 - 13:16
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U.S. STOCKS General Motors, GE Vernova, Amazon (Reuters EN)
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BUZZ-U.S. STOCKS ON THE MOVE-General Motors, GE Vernova, Amazon Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures were range-bound on Wednesday as investors stayed on the sidelines ahead of a pivotal inflation reading due later in the day that could influence the Federal Reserve's policy decision this month....
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