CNBC Daily Open: Cool inflation and hot markets
Publishing timestamp: 2023-07-13 02:30:01
Summary
US headline inflation in June rose less than expected, leading to a positive market reaction with US stocks reaching their highest levels since April 2022. However, China's trade activity indicated ongoing economic struggles. Elon Musk announced his leadership of xAI, an artificial intelligence company. The article also discusses the potential end of the Federal Reserve's hiking cycle and the relationship between inflation and unemployment. Traders are optimistic about the future, but caution is advised.
Sentiment: MIXED
Keywords: prices, breaking news: technology, south korea, nasdaq composite, inflation, elon musk, interest rates, business news, technology, dow jones industrial average, world markets, consumer prices, media, jobs, unemployment, markets, s&p 500 index,
Source: https://www.cnbc.com/2023/07/13/stock-markets-cool-inflation-and-hot-markets.html