Inflation easing fails to counter growth concerns! The three major U.S. stock index futures fell before the market, and the dollar strengthened
U.S. CPI data fell short of expectations, failing to alleviate market concerns about economic growth and tariffs, leading to declines in the three major U.S. stock index futures. S&P 500 futures fell 0.41%, Nasdaq 100 futures dropped 0.64%, and Dow futures decreased 0.25%. The Asia-Pacific markets were mixed, with the Nikkei 225 index down 0.08%. U.S. Treasury yields generally declined, with the 10-year Treasury yield falling to 4.307%. The U.S. dollar index rose 0.14% to 103.74
Overnight, the CPI data released in the United States was significantly below expectations, but the easing of inflation did not alleviate market concerns about economic growth and tariffs. The Asia-Pacific markets showed mixed results today, while U.S. and European stock index futures collectively fell. The continued volatility over the past two weeks has led Wall Street strategists to downgrade their forecasts for the U.S. stock market.
U.S. and European stock index futures collectively fell, with S&P 500 futures down 0.41%, Nasdaq 100 futures down 0.64%, and Dow Jones futures down 0.25%. The Euro Stoxx 50 futures fell by 0.1%.
The Asia-Pacific markets showed mixed results, with the Nikkei 225 index down 0.08%, the South Korean Composite Index down 0.05%, and the Indian SENSEX 30 index up 0.03%.
Benefiting from signals of easing inflationary pressures, U.S. Treasury yields generally declined. The 10-year Treasury yield fell nearly 1 basis point to 4.307%, while the 2-year yield dropped 1 basis point to 3.984%.
The U.S. dollar index rose 0.14% to 103.74%.
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