The US CPI report later tonight at around 7.30pm GMT is eagerly awaited by market participants, who expect the US Inflation rate to rise to 3.6% yoy in August, higher than July’s 3.2%; although Core CPI is expected to ease to 4.3% yoy, lower than 4.7% in the previous month.
Technology shares pulled Wall Street to a lower close and oil prices soared on Tuesday (12/09/23), as investors looked ahead to US Inflation data, which could provide clues regarding the way forward for the U.S. Federal Reserve’s monetary policy.
Nasdaq led the US stock market gains by rising 1.14% on the back of a 10% jump in Tesla’s share price after Morgan Stanley upgraded the electric car maker to “overweight” from “equal-weight,” saying its Dojo supercomputer could boost the company’s market value by nearly USD 600 billion.
Nasdaq led the US stock market gains by rising 1.14% on the back of a 10% jump in Tesla’s share price after Morgan Stanley upgraded the electric car maker to “overweight” from “equal-weight,” saying its Dojo supercomputer could boost the company’s market value by nearly USD 600 billion.
In last week’s trading, which was shortened by the US Labor Day holiday on Monday, all three major Wall Street indexes recorded weekly declines on average with the S&P500 dropping 1.3% while the Nasdaq slumped 1.9%; thereby halting a two-week rally.
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The Dow Jones and others closed in the green on Friday (08/09/23) although not enough to prevent a weekly decline, as US Treasury yields climbed on growing concerns that the Fed will have to keep interest rates high for some time.
The Dow Jones and others closed in the green on Friday (08/09/23) although not enough to prevent a weekly decline, as US Treasury yields climbed on growing concerns that the Fed will have to keep interest rates high for some time.
PT Kokoh Exa Nusantara (“Perseroan”) merupakan perusahaan yang bergerak di bidang konstruksi dan real estat. Perseroan didirikan pada tahun 2019 dan berdomisili di Kabupaten Bangkalan, Madura, Provinsi Jawa Timur.
