Podcast : Financial Market Preview - Friday 11-Oct

Published 2024-10-11, 06:32 a/m

US futures are indicating a flat open today. European equity markets are little changed, while Asian markets finished mixed. Market sentiment was impacted by a hotter-than-expected September CPI print, though analysts downplayed the data as a single-month variation, with relief coming from a slowdown in shelter inflation. There was also focus on the sharp rise in initial jobless claims, which likely reflected temporary impacts from Hurricane Helene and ongoing strikes. Some hawkish comments from Fed officials suggested a potential pause in November, while others noted that inflation is clearly declining.

Companies Mentioned: Tesla (NASDAQ:TSLA), Airbus, Spirit AeroSystems, Johnson & Johnson (NYSE:JNJ)

 

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