CNBC Daily Open: U.S. markets rose, but might be surprised by January's consumer price index
Publishing timestamp: 2023-02-14 01:13:20
Summary
U.S. markets rose on Monday, expecting inflation to moderate further. Economists expect January's consumer price index report to show a 0.4% month-on-month increase and 6.2% annual growth, but there are warning signs that number could be higher. Ford Motor announced a new $3.5 billion battery plant for electric vehicles, and Chinese technology companies are launching their own AI chatbot competitors. If the consumer price index report comes hotter than expected, S&P 500 could plummet up to 3%. Markets showed optimism on Monday, but time will tell if the narrative of disinflation and optimism holds up.
Sentiment: MIXED
Tickers: F,
Keywords: ford motor co, technology, business news, central banking, michigan, world markets, markets, japan, inflation, united states, united kingdom, autos, china,