Global scholarships typically function at elevated levels, with investors anticipating the release of the personal consumption expenditure (PCE) price index, a key Federal Reserve indicator for tracking inflation.
The indicator will become more prominent following the positive employment data and the robust 3.8% growth in the GDP for the second quarter, causing investors to doubt the certainty of further interest rate cuts this year.
U.S. President Donald Trump recently declared the introduction of increased tariffs on various products such as pharmaceuticals, heavy trucks, furniture, as well as bathroom and kitchen items. These tariffs are set to be implemented on October 1st, ranging from 25% to 100%.
The United States
Dow Jones Future is up by 0.22%.
S&P 500 Future is up by 0.14%.
Nasdaq Future is up by 0.05 percent.
Asia’s bags
Shanghai Stock Exchange in China experienced a 0.65% decrease.
Nikkei, the stock market index in Japan, fell by 0.87%.
Hang Seng Index in Hong Kong dropped by 1.35%.
India’s Nifty 50 decreased by 0.79%.
ASX 200 in Australia rose by 0.17%.
Europe – the continent of Europe
STOXX 600 rose by 0.46%.
DAX in Germany increased by 0.57%.
FTSE 100 in the UK increased by 0.41%.
France’s CAC 40 index increased by 0.73%.
FTSE MIB in Italy increased by 0.56%.
Ibovespa: keep in mind the day before
Ibovespa ended Thursday’s session down by 0.81% to 145,306 points due to the IPCA-15 report showing a 0.48% increase in September and the US economy growing by 3.8% annually.
Nicolas Gass, head of investment allocation and partner of GT Capital, stated that despite official inflation being lower than expected, the latest data showed an increase compared to the previous month, which confirms the ongoing inflationary pressures.
The American economy’s second-quarter GDP growth exceeded expectations, which may impact future decisions by the Federal Reserve regarding interest rates.
Daily schedule
Indicators
The External Sector of August will be accredited at 9:30 am, and the PCE of August will be influential at 11:00 am. The Final Consumer Feeling Index of September will be released by the University of Michigan. Wells and oil platforms in operation will also be reported by Baker Hughes.
Occurrences
United Nations General Assembly in the USA held an event at 10:00, with Tom Barkin from Fed/Richmond attending. Diogo Guillen participated in a video conference event with Citi at 11:00. Michelle Bowman from the USA/Fed spoke at a ceremony at 14:30. Two separate quarterly meetings with economists in São Paulo took place at 14:30 and 16:00.
- Market.
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