Investing.com UK on Nostr: PCE data ahead this week, ECB's rate path in focus - what's moving markets ========== ...
PCE data ahead this week, ECB's rate path in focus - what's moving markets
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Investors are looking ahead to fresh U.S. inflation data later in the holiday-shortened week, with stock markets on Wall Street closed for Memorial Day on Monday. The European Central Bank is poised to cut interest rates prior to its peers in other major economies, the ECB's chief economist has suggested in an interview with the Financial Times. Proxy advisor Glass Lewis calls on Tesla shareholders to reject a massive pay package for Chief Executive Elon Musk. The Fed’s preferred inflation gauge, the personal consumption expenditures (PCE) price index, due on Friday will be closely watched for clues about the direction of interest rates over the rest of the year. The European Central Bank is now in a position to begin cutting interest rates down from a record high of 4% at its upcoming policy meeting next week, the ECB's chief economist Philip Lane told the Financial Times. Most Asian stocks advanced on Monday, recovering some ground from losses seen last week, amid anticipation over more cues on U.S. inflation and interest rates in the coming days. Proxy advisory group Glass Lewis has recommended that Tesla's shareholders reject a proposed multi-billion dollar compensation package for Chief Executive Elon Musk at the electric carmaker's upcoming meeting next month. Oil prices were higher in European trade on Monday as traders awaited more cues on U.S. inflation and a meeting of the Organization of the Petroleum Exporting Countries this week.
#PceData #EcbRatePath #StockMarkets #Inflation #InterestRates #Tesla #ElonMusk #AsianStocks #OilPrices
https://uk.investing.com/news/economy-news/pce-data-ahead-this-week-ecbs-rate-path-in-focus--whats-moving-markets-3516535
==========
Investors are looking ahead to fresh U.S. inflation data later in the holiday-shortened week, with stock markets on Wall Street closed for Memorial Day on Monday. The European Central Bank is poised to cut interest rates prior to its peers in other major economies, the ECB's chief economist has suggested in an interview with the Financial Times. Proxy advisor Glass Lewis calls on Tesla shareholders to reject a massive pay package for Chief Executive Elon Musk. The Fed’s preferred inflation gauge, the personal consumption expenditures (PCE) price index, due on Friday will be closely watched for clues about the direction of interest rates over the rest of the year. The European Central Bank is now in a position to begin cutting interest rates down from a record high of 4% at its upcoming policy meeting next week, the ECB's chief economist Philip Lane told the Financial Times. Most Asian stocks advanced on Monday, recovering some ground from losses seen last week, amid anticipation over more cues on U.S. inflation and interest rates in the coming days. Proxy advisory group Glass Lewis has recommended that Tesla's shareholders reject a proposed multi-billion dollar compensation package for Chief Executive Elon Musk at the electric carmaker's upcoming meeting next month. Oil prices were higher in European trade on Monday as traders awaited more cues on U.S. inflation and a meeting of the Organization of the Petroleum Exporting Countries this week.
#PceData #EcbRatePath #StockMarkets #Inflation #InterestRates #Tesla #ElonMusk #AsianStocks #OilPrices
https://uk.investing.com/news/economy-news/pce-data-ahead-this-week-ecbs-rate-path-in-focus--whats-moving-markets-3516535