Pay growth in the euro area is set to accelerate in the latter half of 2026, supporting the ECB’s assessment that there’s currently no need to lower interest rates further https://t.co/Jl3NradJYe ...

for the potential market impact here at home. Let's bring in market forecaster Jim Biano Bianca Research. Jim, great to have you with us.There's a lot to discuss, but in terms of the CPI print, this has not in your mind put to bed the concerns about inflation going higher. >> Yeah, this number was a statistical mess. They assumed that rents in the United States were effectively zero for the month of October.They surveyed the second half of the month because the government was shut down. So when you see thin ...

Core Viewpoint - The uncertain outlook for inflation and interest rates is expected to drive yields higher in the coming year, which will negatively impact bond prices [1] Group 1 - The potential increase in yields is attributed to the unpredictable nature of inflation and interest rate trends [1] - Higher yields could lead to a decrease in demand for bonds, as investors may seek better returns elsewhere [1] - The bond market may face significant challenges as these economic factors evolve [1]

Core Viewpoint - The article discusses the current trends and developments in the financial sector, emphasizing the importance of accurate reporting and analysis in investment decisions [3]. Group 1 - The author, Neils Christensen, has over a decade of experience in journalism and has focused exclusively on the financial sector since 2007 [3]. - The article highlights the significance of understanding economic indicators and market trends for making informed investment choices [3]. Group 2 - The piece underscores the necessity for financial analysts to provide accurate and reliable information to avoid potential losses for investors [4]. - It mentions that the views expressed may not reflect those of Kitco Metals Inc., indicating a need for independent verification of financial information [4].

Overseas stock markets are mixed today. The Euro Stoxx 50 is up +0.73%. China’s Shanghai Composite closed up +0.16%. Japan’s Nikkei Stock 225 fell to a 3-week low and closed down -1.03%.The markets are discounting a 27% chance that the FOMC will cut the fed funds target range by 25 bp at the next FOMC meeting on January 27-28.This week's market focus will be on US economic news. On Friday, Nov existing home sales are expected to be up +1.2% m/m to 4.15 million. Also, the University of Michigan Dec consumer ...

NEW YORK (AP) — U.S. stocks rose on Thursday following an encouraging report on inflation that could help the Federal Reserve keep cutting interest rates next year. A strong profit report from Micron Technology also helped AI stocks halt their sharp slides, at least for now. The S&P 500 climbed 0.8% and broke a four-day losing streak. The Dow Jones Industrial Average added 65 points, or 0.1%, and the strength for tech stocks sent the Nasdaq composite up a market-leading 1.4%. Some relief came from a rep ...

Market Overview - U.S. stocks experienced a decline, with the Nasdaq falling sharply due to investor pullback from major technology stocks, reflecting caution amid economic data suggesting slowing growth and uncertainty regarding Federal Reserve rate cuts [1][10] - The Nasdaq was down over 215 points, hovering near 22,896, while the S&P 500 slipped to 6,761, and the Dow remained relatively flat at 48,079, down just 0.07% [1][12] Technology Sector Performance - Selling pressure intensified in artificial intelligence and mega-cap tech stocks, with Nvidia dropping nearly 3%, Tesla sliding more than 1%, and Oracle sinking over 5%, resulting in billions in market value loss [2][8] - The decline in the Nasdaq was driven by heavy volume selling in chipmakers and AI-linked stocks, with Nvidia falling to around $172 and Oracle sliding to $178, marking its steepest single-day drop in weeks [3][14] - Investors are increasingly wary of crowded trades in AI leaders following significant rallies earlier in the year, leading to fast exits from riskier growth names amid hints of economic slowing or prolonged high interest rates [4][14] Economic Indicators - Fresh labor data heightened market anxiety, with the U.S. unemployment rate rising to 4.6%, the highest since 2021, and October payrolls showing a loss of 105,000 jobs, despite November job growth beating expectations [9][10] - The market is closely monitoring Federal Reserve officials' comments for insights on interest-rate policy, with attention turning to the upcoming U.S. CPI report that could influence stock direction [10]

Core Viewpoint - Federal Reserve Governor Christopher Waller is a key figure in discussions regarding potential changes in leadership at the Federal Reserve, particularly in relation to interest rate policies and his candidacy to succeed Jerome Powell as Fed Chairman [2][3]. Group 1: Leadership Changes - Waller is one of five finalists being considered to replace Fed Chairman Jerome Powell when his term ends in May [2]. - President Donald Trump is set to interview Waller this week, with Kevin Warsh and Kevin Hassett being indicated as frontrunners for the position [2]. Group 2: Monetary Policy Stance - Waller has emerged as a strong advocate for rate cuts within the Federal Reserve, having supported a quarter-point reduction in rates at the last three meetings [3]. - He previously dissented in July when the Fed decided to keep rates unchanged, highlighting his proactive stance on monetary policy [3].

Market Overview - The U.S. stock market is experiencing a decline, with the S&P 500 down 0.4% and the Dow Jones Industrial Average down 271 points or 0.6% as of 1:53 p.m. Eastern time, while the Nasdaq composite remains mostly unchanged [1] - Treasury yields have eased slightly after an initial drop, with the 10-year Treasury yield falling to 4.16% from 4.18% and the two-year Treasury yield easing to 3.48% from 3.51% [6] Economic Data - Recent mixed economic data has created uncertainty regarding future interest rate movements, with the U.S. unemployment rate reported at its worst level since 2021, but job additions exceeding economists' expectations [2][3] - A report indicated that revenue growth for U.S. retailers in October was stronger than anticipated, suggesting underlying economic strength [2] Inflation and Price Pressures - A report released indicated that average selling prices for businesses are rising sharply, with one of the fastest rates since mid-2022, while overall business activity growth has slowed to its weakest level since June [5] - Higher prices are being attributed to tariffs, affecting both manufacturing and services sectors, leading to broader affordability issues [6] Company-Specific Developments - Oracle's stock rose 2.4% and Broadcom's by 0.1%, despite previous sharp losses, as both companies reported stronger-than-expected quarterly profits [7] - CoreWeave, which provides access to AI chips, saw a decline of 4.9%, raising questions about the profitability of current AI technology investments [8] - Pfizer's stock fell 5.2% after providing a profit forecast for 2026 that was below analysts' expectations, although its revenue forecast for next year aligns closely with expectations [8] - Kraft Heinz's stock fell 0.1% following the announcement of Steve Cahillane as the new CEO, effective January 1, as the company prepares to split into two entities by the second half of 2026 [9] Global Market Trends - Stock markets in Europe and Asia experienced declines, with Japan's Nikkei 225 dropping 1.6% ahead of an anticipated interest rate hike by the Bank of Japan [10] - South Korea's Kospi fell 2.2%, while indexes in Hong Kong and Shanghai dropped by 1.5% and 1.1%, respectively [10]

Group 1 - The dollar recovered after hitting a 10-week low due to the delayed U.S. nonfarm payrolls report for November, which indicated an unexpected rise in the unemployment rate to 4.6% [1] - Despite the initial drop in the dollar following the data release, the market is not anticipating a Federal Reserve interest rate cut as early as January [1] - The likelihood of another rate cut has increased after the recent Fed meeting, contributing to the dollar's regained strength [2]