- Reuters
US STOCKS-Wall St inches up with inflation prints in focus
U.S. stock indexes edged higher on Monday, nearing record highs after a recent run of gains, as investors awaited key inflation figures this week to gauge the likelihood of interest rate cuts in 2024. Shares of videogame retailer GameStop jumped 65% after "Roaring Kitty", a former marketer at an insurance firm credited with sparking the 2021 meme stock rally, returned to X.com after a three-year hiatus.
- Yahoo Finance
Stock market today: Stocks wobble with inflation data in focus
Attention is on this week's CPI report, seen as a potential starting gun for Fed rate cuts.
- Reuters
GLOBAL MARKETS-Stocks climb, dollar dips as focus shifts to US inflation data
Global stock indexes rose on Monday while the U.S. dollar edged lower, with investors awaiting this week's U.S. inflation data that is expected to be key for the outlook for U.S interest rates. While the U.S. consumer prices report will likely take center stage, U.S. producer price data is also due this week, along with final reports on European inflation that should reinforce expectations for a June rate cut from the European Central Bank. This week brings comments from a host of Federal Reserve speakers, including Fed Chair Jerome Powell.
