Monday Market Must-Knows: June 10, 2024
This week, Europe is holding parliamentary elections across 27 countries to fill 720 seats, potentially shifting the balance of power and affecting publicly traded companies and trade relations. Results are expected by Monday. In the U.S., it's a quiet earnings week with notable reports from Oracle, GameStop, Aurora Cannabis, Broadcom, Lenar, and Adobe, whose AI integration is noteworthy.
Inflation data releases include the Consumer Price Index (CPI) on Wednesday and the Producer Price Index (PPI) on Thursday, both critical for market reactions.
The Federal Reserve's rate decision is also on Wednesday, with a 99% chance of maintaining the current 5.5% rate. Key focus will be on Jerome Powell's press conference at 2:30 p.m. (ET) for insights on inflation and future rate adjustments. Japan's rate announcement on Thursday, expected to stay at 0.1%, will influence currency traders.
As always, if you’re in the markets, make sure you have a trade plan. Join us for a FREE introductory class. Learn about tools & rules for trading with confidence-so you can stay one step ahead of market volatility. Stay Informed, Start Knowing Today!
Inflation data releases include the Consumer Price Index (CPI) on Wednesday and the Producer Price Index (PPI) on Thursday, both critical for market reactions.
The Federal Reserve's rate decision is also on Wednesday, with a 99% chance of maintaining the current 5.5% rate. Key focus will be on Jerome Powell's press conference at 2:30 p.m. (ET) for insights on inflation and future rate adjustments. Japan's rate announcement on Thursday, expected to stay at 0.1%, will influence currency traders.
As always, if you’re in the markets, make sure you have a trade plan. Join us for a FREE introductory class. Learn about tools & rules for trading with confidence-so you can stay one step ahead of market volatility. Stay Informed, Start Knowing Today!