Wall St eyes lower open as yields rise, China data weighs
U.S. economic data since the Fed's July meeting has added to the impression the economy is cooling without cracking, likely bolstering the case against further interest rate increases.
All three main U.S. stock indexes logged gains in the previous week after a raft of data pointed to a softening labor market. Investor focus will now shift to the consumer price index data due next week and the Fed's policy decision due on Sept. 20. Traders' bets that the Fed will leave rates unchanged in the next policy meeting stood at 93%, while pricing in a 58.2% chance of a pause in November, up from 52% a week earlier, according to the CME FedWatch tool.
Meanwhile, Goldman Sachs lowered the chances of a U.S recession in the next 12 months to 15% from 20% amid continued easing inflation and labor market data.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
China's exports, imports likely contracted more slowly in August: Reuters poll By ReutersChina's exports, imports likely contracted more slowly in August: Reuters poll
Lire la suite »
Futures fall as rising yield, China service data weigh By ReutersFutures fall as rising yield, China service data weigh
Lire la suite »
Raimondo warns China patience of US business is 'wearing thin' By ReutersRaimondo warns China patience of US business is 'wearing thin'
Lire la suite »
After Country Garden debt deal, focus shifts to China property recovery prospects By ReutersAfter Country Garden debt deal, focus shifts to China property recovery prospects
Lire la suite »
Asia looks to extend rally on China, US rate hopes By ReutersAsia looks to extend rally on China, US rate hopes
Lire la suite »
Oil rises on China, US economic data and OPEC+ cut expectations By ReutersOil rises on China, US economic data and OPEC+ cut expectations
Lire la suite »