Beat the street: US inflation; OPEC+; Fed speakers; Retail; HP
Brace for stock and dollar volatility in a compressed trading week filled with US retail earnings, key US and eurozone inflation readings, Fed speakers and an OPEC+ meeting to boot.
HP is expected to report a 2.4% fall in quarterly revenue on Wednesday.
(AI Video Summary)
Inflation and Fed rate cuts
In today's edition of "Beat the street," Angeline Ong focuses on key economic and financial indicators influencing market trends ahead of the Wall Street open. The discussion highlights persistent inflation concerns, potential Fed rate decisions influenced by upcoming PCE data, and varied consumer spending trends impacting retail giants like Best Buy and Costco.
Indices and OPEC+ meeting
Additionally, Ong analyses technical market movements, noting the NASDAQ's strength compared to the S&P 500 and Dow Jones. Expectations from an OPEC+ meeting on potential output cuts alongside its implications on oil prices were also considered, setting the stage for a pivotal week in financial markets.
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