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EMEA Morning Briefing: Stocks Seen Lower Ahead of ECB Rate Decision, U S GDP Data

EMEA Morning Briefing: Stocks Seen Lower Ahead of ECB Rate Decision, U S GDP Data
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EMEA Morning Briefing : Stocks Seen Lower Ahead of ECB Rate Decision, U S GDP Data -October 26, 2023 at 12:15 am EDT

MARKET WRAPS Watch For: ECB interest rate announcement, EU Summit; trading updates from Standard Chartered, Volkswagen, BNP Paribas, Schneider Electric, Danone, TotalEnergies, Universal.

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Can t take recession for granted after GDP data: Traders see rate cuts anyway

Traders in debt markets are largely looking past the latest confirmation of strength in the U.S. economy and focusing on the likelihood of it losing momentum.

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Used Car and Airline Prices Signal Inflation Is Here to Stay

(Bloomberg) The rapid descent of US inflation over the last few months is likely too good to last.Most Read from BloombergIsrael Latest: Israel Vows to Wipe Out Hamas as Ground War LoomsApollo CEO Marc Rowan Demands UPenn Leaders Quit Over ‘Antisemitism’Wall Street Brushes Off Hot PPI as Stocks Advance: Markets WrapIMF Caught Off Guard as China Strikes Sri Lanka Debt DealHouse Republicans Pick Scalise as Speaker Nominee in Trump SnubNew upside risks in categories that have played an outsize r

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Used Car and Airline Prices Signal Inflation Is Here to Stay

Used Car and Airline Prices Signal Inflation Is Here to Stay
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Bruce kasmanLindsey piegzaJonathan millarOmair sharifStifel financial corpJpmorgan chase coBureau of labor statisticsInflation insightsFederal reserveBureau of economic analysisBarclays plcWall streetUnited auto workersLabor statisticsBloomberg economicsEconomic analysis