Beat the street: Soft PPI; data-dependent Fed; Tesla; Hot Cocoa
Lower-than-forecast producer inflation data fans expectations of interest rate cuts from the Federal Reserve, a day after the US central bank reiterated that any monetary policy move would still be dependent on inflation easing.
The countdown to Elon Musks $56 billion pay package vote. Plus, find out why fundamentals are showing more upward pressure for cocoa prices.
(AI Video Summary)
Fed rate cut speculations
Angeline Ong from IGTV discusses market reactions to financial indicators and policies in today's edition of "Beat the street". Wall Street shows mixed openings amid speculation on Federal Reserve interest rate cuts. Recent data shows higher initial jobless claims and softer Producer Price Index (PPI) figures than expected, influencing market volatility. The Federal Reserve remains data-dependent with a conservative stance on rate cuts, affecting US dollar trends.
Stock market news
Also highlighted were potential investment opportunities in Asian markets and specific stocks like Broadcom and Adobe, alongside a significant interruption in cocoa futures trading due to halted sales in Ivory Coast amid production uncertainties.
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