{"id":1995109,"date":"2023-08-09T07:27:01","date_gmt":"2023-08-09T11:27:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-rise-after-selloff-all-eyes-on-cpi-data\/"},"modified":"2023-08-09T07:29:00","modified_gmt":"2023-08-09T11:29:00","slug":"futures-rise-after-selloff-all-eyes-on-cpi-data","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-rise-after-selloff-all-eyes-on-cpi-data\/","title":{"rendered":"Stock futures rebound following a selloff, focus on CPI figures."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffutures-rise-after-selloff-all-eyes-on-cpi-data%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1995109&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>(Reuters) \u2013 U.S. stock \u2062index futures are on the rise today after a\u2064 risk-off session triggered by a Moody\u2019s downgrade of some banks. Investors are\u200d eagerly awaiting \u200da key inflation report this week, following\u200c mostly dovish comments from Federal Reserve officials.<\/p>\n<p>The Consumer Price Index (CPI) for July, due on Thursday, is expected to show a slight year-over-year\u2062 acceleration. On a \u200bmonth-to-month \u200bbasis, consumer prices are seen increasing 0.2%, the same rate as in June.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Philadelphia Fed President Patrick Harker said on Tuesday the U.S. central bank may\u2064 be at the stage where it can leave interest rates where they are, barring any abrupt change in the\u200d direction of recent economic data.<\/p>\n<p>However, some central bank officials are still leaning the other way, \u200dwith Fed Governor\u2062 Michelle Bowman on Monday saying the combination of still-elevated inflation and continued economic\u2063 growth meant further \u200crate increases are\u2063 likely.<\/p>\n<p>Traders expect an 86.5% chance of a 25-basis point rate hike\u2062 at\u2062 the Fed\u2019s next policy meeting in September. [FEDWATCH]\n<p>Wall Street\u2019s main indexes ended the \u200bprevious session lower in a broad selloff after the downgrading of\u200c several small and mid-sized banks by credit rating agency Moody\u2019s reignited fears about the health of U.S. lenders and the economy.<\/p>\n<p>Wall Street banks edged\u2063 higher on\u2064 Wednesday in early trading before the bell after sharp losses in the\u200c previous session, with\u2062 Bank of America \u2063and Citigroup up 0.3% and 0.1%, respectively.<\/p>\n<p>Adding to\u200d concerns about <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/imf-expects-further-cut-in-global-economic-growth-outlook\/\" title=\"IMF Expects Further Cut in Global Economic Growth Outlook\">global economic growth outlook<\/a>, China\u2019s \u2063consumer sector fell into deflation and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-rise-after-selloff-all-eyes-on-cpi-data\/\" title=\"Stock futures rebound following a selloff, focus on CPI figures.\">factory-gate prices extended declines<\/a> in July, as the world\u2019s second-largest economy struggled to revive demand.<\/p>\n<p>\u201cChinese deflation has\u200d been the proverbial elephant in the room when it comes to recent tightening measures from the Federal Reserve, the ECB, and \u2063Bank of England,\u201d <strong>Michael Hewson, chief \u2064market analyst at CMC Markets, said.<\/strong><\/p>\n<p>\u201cHow many more rate hikes\u2064 can we expect\u200b in\u200d the coming months when there is \u2062a clear deflationary impulse coming from Asia, and where is the\u200c tipping point\u2064 when it comes to the risk of overtightening.\u201d<\/p>\n<p>At 05:28\u2064 a.m. ET, Dow e-minis were up 71 points, or 0.20%, S&#038;P 500 e-minis were up 13.5 \u200bpoints, \u200dor 0.30%, and \u2063Nasdaq 100\u2064 e-minis were up 56.75 points, or 0.37%.<\/p>\n<p>Casino owner\u200d Penn Entertainment\u2019s shares jumped 13.4% in premarket \u2063trading on a $2 \u200dbillion deal with Walt Disney\u2019s ESPN to launch a sports betting business.<\/p>\n<p>Walt \u2063Disney\u2019s shares rose\u200d 0.9%,\u200d with the entertainment company also set to report its\u2063 quarterly results after the \u2063bell.<\/p>\n<p>Rivian Automotive gained 1.8% on raising its full-year production\u200b forecast, with its CEO \u200cadding the electric-vehicle maker has enough money to last it \u200bthrough 2025 as it keeps a lid on costs.<\/p>\n<p>Lyft signaled it would double down on competitive pricing to catch up with rival \u200cUber, taking the shine off its strong earnings forecast and sending the company\u2019s shares down nearly 7.8%.<\/p>\n<p>Markets are nearing the end of a better-than-expected earnings season.<\/p>\n<p>Of the 443 S&#038;P\u2064 500 companies that have\u200d reported earnings as of Tuesday, 78.6% beat analyst expectations, according to \u200dRefinitiv data.<\/p>\n<\/p>\n<p>  \u200c (Reporting by Bansari Mayur Kamdar in Bengaluru; Editing\u2062 by Shounak Dasgupta)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/futures-rise-after-selloff\/attachment\/traders-work-on-the-floor-of-the-nyse-in-new-5\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>On Monday, President Joe Biden headed to the Southwest in\u2064 order to praise his Administration\u2019s efforts in\u200c climate and conservation<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Something fishy is going on in Cuyahoga Falls, while the Biden Admin. is sued for allegedly censoring Vaccine \u2064discourse.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Hundreds of Trump supporters turn out in Windham, New Hampshire to hear from the 45th president. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Spokeswoman for Make America Great \u200bAgain Inc. Karoline \u200cLeavitt says that Americans\u2062 want a true commander-in-chief once again.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>BENGALURU (Reuters) \u2013 South Korea\u2019s Hyundai Motor Group \u200dsaid\u200c on Tuesday it\u200c plans to launch more electric vehicles under the Hyundai and\u2026 \u2064 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>BERLIN (Reuters) \u2013 German\u200b technology group Robert Bosch said \u2063on Tuesday that it\u2064 will establish a\u200b joint venture with TSMC, Infineon\u2064 and\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>TAIPEI (Reuters) \u2013 Taiwan Semiconductor Manufacturing Co (TSMC) said on Tuesday that its board \u2063had approved a 3.5 billion euro ($3.8 billion)\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Gwladys Fouche OSLO (Reuters) \u2013 Meta Platforms is asking a \u2064court in Norway to stop a fine the Nordic \u2064country\u2019s data\u2026\u2063 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock index futures rose slightly after a risk-off session caused by Moody&#8217;s downgrade of certain banks. Investors are now focused on the upcoming inflation report, following mostly dovish remarks from Federal Reserve officials. The Consumer Price Index (CPI) for July, set to be released on Thursday, is anticipated to reveal important insights.<\/p>\n","protected":false},"author":66,"featured_media":1995110,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1995109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1995109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1995109"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1995109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1995110"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1995109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1995109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1995109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}