CNBC Daily Open: Investors spooked by hot inflation report
Publishing timestamp: 2023-10-12 21:20:07
Summary
Consumer prices in the US rose more than expected, causing concerns about interest rates. US stock markets fell while European markets closed higher. Bank earnings season is starting with concerns about shrinking margins and rising loan losses. Google is opening a cafe on its main campus. Investors are looking for bank stocks that could perform well during earnings season. The focus is now on third-quarter earnings reports, with banks like JPMorgan Chase, Citigroup, and Wells Fargo set to report. The next catalyst for the markets will be the Federal Reserve meeting at the end of the month.
Sentiment: MIXED
Tickers: GOOGL, C, JPM, .STOXX, WFC,
Keywords: breaking news: markets, jpmorgan drn, prices, alphabet inc, united states, world markets, inflation, stoxx 600, wells fargo & co, citigroup inc, business news, consumer prices, banks, markets,
Source: https://www.cnbc.com/2023/10/13/stock-markets-investors-spooked-by-hot-inflation-report.html