Before the Bell | Investors' inflation expectations have fallen before April's US inflation report
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Market Snapshot
Stock futures were higher in early morning trading Wednesday ahead of a key U.S. inflation report.
Futures on the $Dow Jones Industrial Average (.DJI.US)$ rose 1.00%, while $S&P 500 Index (.SPX.US)$ futures gained 1.20% and $Nasdaq Composite Index (.IXIC.US)$ futures were up 1.38%.
Top News
Stock Futures Rise Ahead of U.S. Inflation Data
Stock futures rose, pointing to gains for major indexes ahead of inflation data that will be closely watched for clues about the pace of interest-rate rises by the Federal Reserve.policy.
Investors' Inflation Expectations Have Fallen Before April's US Inflation Report
Market-based measures of inflation expectations have fallen sharply this week ahead of the consumer-price index report. The five-year breakeven inflation rate--a measure of investors' annual inflation expectations over the next half-decade based on the difference between nominal and inflation-protected Treasurys--stood Tuesday afternoon at 2.95%, according to Tradeweb.
Natural-Gas Prices Rise in Europe After Ukraine Cuts Flows
Prices jumped after Ukraine said it would reduce natural-gas flows from Russia through its territory, blaming interference by Russian forces with pipelines in the east of the country.
Earnings preview: Is Disney+ in for a wake-up call like Netflix?
Analysts expect Disney to report more than 5 million net new subscribers Wednesday, but at least one believes the number will be much lower. $Disney (DIS.US)$ has ferociously eaten into rival $Netflix (NFLX.US)$'s subscriber base since launching Disney+ in November 2019, climbing to 129.8 million subscribers.
Swedish Match Agrees to $16 Billion Takeover by Philip Morris
The deal will bolster the tobacco giant's exposure to the rapidly growing market for smoke-free brands. $Philip Morris International (PM.US)$
Toyota Sees Higher Material Costs Eating Into Profit
The car maker's shares fall after it forecasts net profit to drop 21% in current fiscal year. $Toyota Motor (TM.US)$
Siemens Energy Adjusts Guidance After Posting Loss
Siemens Energy booked a surprise adjusted loss of EUR77 million in the second quarter and cautioned that it expected full-year results to be at the lower end of its guidance range.
Apple Is Discontinuing the iPod After a More Than Two Decade Run
The tech giant said Tuesday that its iPod Touch will only be available while supplies last. It also highlighted other ways people can listen to music across its various products. $Apple (AAPL.US)$
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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HenryYee : Bull trap!!!
GuruGuruGulu HenryYee : not really bull trap. it's just that people expect cpi to improve and it didn't lol
GuruGuruGulu HenryYee : u could also say bear trap isn't it? since the market started with 1.5% rise in future. U really are cute
101765048angelchow : bull trap
101695535 :
