Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, July 6
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Stock Market»stock moves, news and US inflation data
    Stock Market

    stock moves, news and US inflation data

    October 10, 20242 Mins Read


    A woman walks on a bridge in front of the banking district skyline with the Commerzbank building (3R) and the Cathedral (R) during sunset in Frankfurt am Main, western Germany, on September 18, 2024.

    Kirill Kudryavtsev | Afp | Getty Images

    European markets slipped Thursday as investors digested fresh U.S. inflation data, which came in above expectations.

    The pan-European Stoxx 600 provisionally closed 0.18% lower, with most sectors and major bourses in the red.

    Insurance stocks added 1.06%, as Hurricane Milton’s devastating hit to Florida pointed to stronger prospects for the sector. Tech stocks, meanwhile, fell 1%, reversing positive momentum from earlier in the week.

    Shares of British drugmaker GSK rose 3.2% after the company struck a deal to pay up to $2.2 billion to resolve a U.S. lawsuit over its heartburn treatment Zantac.

    In European data, the German government forecast the country’s first two-year recession in almost two decades.

    Stateside, U.S. inflation ticked up in September, rising 0.2% over the month and surprising economists, fresh CPI data from the Labor Department showed Thursday.

    The annual inflation rate came in at 2.4%. Both readings were 0.1 percentage point above the Dow Jones consensus.

    The reading will inform the Federal Reserve’s next steps on policy at its November meeting. Fed funds futures trading data suggests a roughly 70% likelihood of a quarter-point cut, according to CME Group’s FedWatch tool.

    U.S. stocks opened lower, while Asia-Pacific markets closely mostly higher on Thursday, buoyed by gains on Wall Street on Wednesday.

    The S&P 500 and Dow Jones Industrial Average reached new records as investors shook off geopolitical concerns and reacted to the release of minutes from the Fed’s September meeting, at which it cut its key rate by 50 basis points, and revealed that a “substantial majority of participants” had favored reducing interest rates by the larger amount.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBTC Falls Below $61,000, Here’s the Next Target
    Next Article Palantir stock soars to 52-week high, hits $43.34 By Investing.com

    Related Posts

    Stock Market

    Weekly Market Wrap: Insurance, Consumer goods sectors shine as All-Share Index gains 0.83% 

    July 6, 2025
    Stock Market

    Vosges. À Saint-Dié, le supermarché Vosges Market rouvre ses portes après plusieurs semaines de fermeture administrative

    July 4, 2025
    Stock Market

    GTCO to list on London stock exchange, seeks $100mln for recapitalisation

    July 4, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Property

    Adaptation du format «Property Virgin»: voyez la bande-annonce de «Notre première maison Québec»

    May 12, 2025
    Property

    Mainland Chinese developer Country Garden gets respite in Hong Kong liquidation case

    July 29, 2024
    Bitcoin

    oscille autour de 80.000$ alors que la guerre commerciale USA-Chine ébranle le sentiment

    April 10, 2025
    What's Hot

    UK house hits the market for as little as £1 – and you can see inside

    July 27, 2024

    Once Again, Bitcoin Fails a Test

    August 9, 2024

    La Chine et la Russie utilisent désormais Bitcoin pour régler des échanges d’énergie

    April 10, 2025
    Most Popular

    Four Corners Property Trust annonce l’acquisition d’un bien immobilier de Caliber Collision pour 4,2 millions de dollars

    May 23, 2025

    Gold surges above $2,400 mark as US Inflation data boosts rate-cut expectations; silver up 2.7%

    July 11, 2024

    Nvidia developing flagship AI chip for Chinese market- Reuters By Investing.com

    July 22, 2024
    Editor's Picks

    Top Altcoins To Stack As Bitcoins Hints Fresh Rally!

    July 15, 2024

    75% of Bitcoin ETF Investment Comes From Crypto Fans, Not Wall Street

    October 19, 2024

    Gov. Pillen’s property tax plan would add new taxes on 120+ goods and services, draft indicates • Nebraska Examiner

    July 14, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.