March PPI data, ECB rates, Big Bank earnings: 3 Things
04/11/2024 20:45
Stock futures (^DJI, ^IXIC, ^GSPC) appear optimistic Thursday morning after March's Producer Price Index (PPI) inflation reading came in line with expectations, rising only 0.2% month-over-month. Although, PPI rose by 2.1% annually. Markets hope to recover after yesterday's CPI print sparked a sell-off on Wednesday. The European Central Bank (ECB) is holding interest rates steady. Many experts still expect the ECB to begin cuts in June while its American counterpart, the Federal Reserve, is still debating the timing of its rate cuts. Lastly, major banks JPMorgan Chase & Co. (JPM), Wells Fargo (WFC), and Citigroup (C) are set to kick off first-quarter earnings season on Friday. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Stock futures (^DJI, ^IXIC, ^GSPC) appear optimistic Thursday morning after March's Producer Price Index (PPI) inflation reading came in line with expectations, rising only 0.2% month-over-month. Although, PPI rose by 2.1% annually. Markets hope to recover after yesterday's CPI print sparked a sell-off on Wednesday.
The European Central Bank (ECB) is holding interest rates steady. Many experts still expect the ECB to begin cuts in June while its American counterpart, the Federal Reserve, is still debating the timing of its rate cuts.
Lastly, major banks JPMorgan Chase & Co. (JPM), Wells Fargo (WFC), and Citigroup (C) are set to kick off first-quarter earnings season on Friday.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
This post was written by Luke Carberry Mogan.