European stocks inched up on Wednesday, while U.S. equity futures traded flat as investors waited for the outcome of a Federal Reserve policy meeting due later. Miners were lower as China took aim at soaring commodity prices.
U.S. equity futures ES00, -0.07% YM00, -0.17% NQ00, +0.06% held steady a day after the S&P 500 SPX, -0.20% and Nasdaq Composite COMP, -0.71% backed away from records to close lower on Tuesday, with the Dow Jones Industrial Average DJIA, -0.27% also dropping. Stocks slipped following data that showed a bigger-than-expected drop in May retail sales, while producer prices rose faster than expected.
Elsewhere, U.K. consumer prices rose 2.1% on the year in May, the fastest pace of growth since July 2019, the Office for National Statistics said on Wednesday. The rise exceeded the Bank of England’s target for the first time in almost two years. But like the Fed and other central banks, U.K. officials have said they expect price rises to be transitory.
Economic data from China showed a moderating of growth in May, with industrial production, while retail sales and fixed-asset investment all rising, but slowing from the pace seen in year-earlier periods.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China and Hong Kong markets lose ground as investors wait for FedInvestors are watching for the outcome of the Federal Reserve's policy setting meeting this week, where decision makers will gauge the strength of the... nice
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks end slightly lower ahead of Fed decisionStocks pulled back modestly Tuesday, as investors awaited the outcome of a Federal Reserve policy meeting. The Dow Jones Industrial Average fell around 94 points, or 0.3%, to close near 34,300, according to preliminary figures. Navi_Uptown DeDay_UPTown ... the Dollar, the Stock Market, everything U.S., crashes with a Civil War. China and Russia greatest Dream.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks wait at record peaks for Fed; oil marches higherGlobal shares held near record highs on Monday while U.S. bond yields flirted with three-month lows as investors expect the Federal Reserve to stick to its dovish mantra later this week. We need to speak up about the volume this morning... Just a normal, everyday run of the mill volume reset during premarket on Webull AMC
Source: Reuters - 🏆 2. / 97 Read more »
European markets head for higher open as markets await Fed outcomeEuropean stocks are expected to open slightly higher, as markets await the outcome of the U.S. Federal Reserve's policy meeting on Wednesday. Neloangelo413 nice Please print more money. We need it.
Source: CNBC - 🏆 12. / 72 Read more »
‘Meme stock’ rally pauses, Redditors focus on biotech stocksSmall-time stock traders turned their attention to the biotech and healthcare sectors on Monday, lifting shares of some by as much as 10%, while the rally in stocks that were favored in recent weeks appeared to fade.
Source: Reuters - 🏆 2. / 97 Read more »
A full rundown of what to expect from the Federal Reserve on WednesdayThe Fed is not expected to take any policy actions after its meeting this week, but it is likely to signal that it is thinking about them. He knows...
Source: CNBC - 🏆 12. / 72 Read more »