Global stock indexes rose on Monday while the U.S. dollar edged lower, with investors awaiting this week's U.S. inflation data that is expected to be key for the outlook for U.S interest rates. While the U.S. consumer prices report will likely take center stage, U.S. producer price data is also due this week, along with final reports on European inflation that should reinforce expectations for a June rate cut from the European Central Bank. This week brings comments from a host of Federal Reserve speakers, including Fed Chair Jerome Powell.
Compass, Inc. (NYSE:COMP) Q1 2024 Earnings Call Transcript May 8, 2024 Compass, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Thank you for standing by. My name is Kathleen and I will be your conference operator today. At this […]
U.S. stock indexes edged higher on Monday, nearing record peaks following a recent run of gains, with investors awaiting key inflation figures this week to gauge the likelihood of interest rate cuts in 2024. The indexes were back near all-time highs hit in March, boosted by stronger-than-expected earnings reports and signs of a cooling labor market that have fueled bets of one or two rate cuts by the U.S. Federal Reserve this year.