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(For a Reuters blog on U. S. stock markets)Usa, UK and Europe, click or type LIVE/ in a news window).
* Upside futures: Dow 0. 33%, S
Sept 12 (Reuters) – U. S. inventory index futures are going to do so. U. S. prices rose on Monday as investors settled for an inflation reading this week that could mark the speed of interest rate hikes through the Federal Reserve.
The three major U. S. stock indices U. S. stocks ended a three-week losing streak on Friday as investors benefited from a sharp drop in stock prices triggered by concerns about rising inflation and the effect of tighter economic policy to curb it.
On Tuesday he is aware of the customer’s value to detect any signs of alleviating value pressures. Headline inflation is expected to rise at a year-on-year rate of 8. 1% in August, up from 8. 5% in July.
Core CPI, which excludes volatile points such as energy and food, is expected to reach 6. 1% from 5. 9% last month. A recent drop in the values of commodities, especially oil, has rekindled hopes that the worst price tension has passed.
A weak figure could revive the hypothesis that the Federal Reserve will only exceed 50 basis points this month, although it would likely have to be very low to have a real impact on the aggressive stance recently adopted by most policymakers.
Money markets expect a 91% chance that the U. S. central bank will be able to hold on. The U. S. economy accumulated 75 basis points for the third time in a row on September 21.
“The market’s most recent optimism can also be explained simply by the hope that there will be a month of slowing inflation in the US. When this week’s CPI is released. . . there are signs that inflation in the U. S. The U. S. government would possibly have fallen further last month,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.
“Whatever happens this week, we know the Fed is in a position to offer another 75 core issues (rate hikes) this month. So no one is betting more this month. What happens after the FOMC assembly in September is what will happen. “. . it depends almost entirely on inflation. “
At 06:58 ET, Dow e-minis was up 106 points, or 0. 33%, S e-minis
Ukrainian forces swept through additional territory seized from fleeing Russian troops on Monday, as Moscow grappled with the fallout of its occupying force collapse in northeastern Ukraine.
Bristol-Myers Squibb Co jumped 6. 9% in premarket operations after the U. S. Food and Drug Administration (U. S. )The U. S. Department of Homeland Security will approve the company’s oral remedy for adults with plaque psoriasis.
Shares of U. S. chipmakersUSA Lam Research Corp and Applied Materials Inc fell nearly 1% after a Reuters report on expanding restrictions on U. S. semiconductor shipments. U. S. to China.
Occidental Petroleum rose 2. 1% to lead gains among oil stocks as crude rose amid uncertainty over Iran’s nuclear talks.