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Stocks Rise As Traders Look To US Inflation Data: Markets Wrap

Shares and US equity futures advanced before a report that’s expected to show a slowing in US inflation, which will help shape the outlook for the Federal Reserve’s next steps. Europe’s Stoxx 600 Index advanced to a three-week high. Energy shares led gains as oil rebounded after OPEC+ leaders Saudi Arabia and Russia reaffirmed their close cooperation to support the crude market. Banks lagged, with Barclays Plc falling as much as 3.8% after Chief Executive C.S. Venkatakrishnan said stagnant deal... Read More

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Inflation

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Posted: Oct 12 2023, 11:31

Author Name: vladimirribakov

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