Wednesday:📅
Economic Data: CPI Inflation⚠️
Thursday:📅
Economic Data: PPI Inflation, Jobless Claims⚠️
Earnings: Adobe $ADBE, Kroger $KR
Overseas: ECB Monetary Policy Statement
Friday:📅
Economic data: Consumer Sentiment
- US equity futures wavered as markets head into a crunch period, with key inflation data on Wednesday followed by interest-rate decisions on both sides of the Atlantic.
- Contracts on the S&P 500 posted small moves to trade little changed after the underlying gauge rose 1.2% on Monday, rebounding from its worst start to the month in data going back to 1953.
- Benchmark Treasury yields rose a second day, while the dollar held Monday’s gains.
- The market mood is cautious as investors look to balance US recession fears and the likelihood of a soft landing, amid worries the Fed may be falling behind the curve as the labor market cools.
- Meanwhile, US political risk is back at the forefront, with former President Donald Trump squaring off in a debate with US Vice President Kamala Harris later Tuesday.
- Hedge funds have been unwinding their positions to get cash ready for volatility ahead of the Nov. 5 vote, according to Goldman Sachs Group Inc. data.
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