Investors are watching inflation and earnings, with potential for a surge in shelter inflation

From Investing.com: 2024-10-07 02:35:00

Investors are closely watching inflation and third-quarter earnings reports. The Consumer Price Index (CPI) report for October will give insights into inflationary pressures. Updates on the FOMC minutes and the Fed’s September meeting could impact interest rates. CPI swaps indicate September inflation may exceed expectations, with a potential surge in shelter inflation.

Last week’s unemployment report shocked markets, with numbers exceeding estimates. Higher wage growth and inconsistent data raise concerns. Aggregate Weekly Payroll growth is slowing, potentially impacting GDP and inflation. USD/CAD and USD/CHF currencies are in focus, with potential impacts on equity markets and tech stocks like Apple and Microsoft. S&P 500 technical analysis shows a rising wedge pattern, with potential for significant downward movement.



Read more at Investing.com: Stocks Week Ahead: Spotlight Falls on CPI as Calls for 25bp Cut Grow Louder