CNBC Daily Open: Inflation reports take center stage
Publishing timestamp: 2023-10-13 02:00:01
Summary
Consumer prices in the US were higher than expected, causing US markets to fall. China's trade and inflation data showed a mixed post-Covid recovery. An under-the-radar AI stock is highlighted as essential for long-term infrastructure rollout. The focus now shifts to earnings season, starting with reports from major Wall Street banks.
Sentiment: MIXED
Tickers: GOOGL, NVDA, C, JPM, .STOXX, WFC, MSFT,
Keywords: jpmorgan drn, prices, alphabet inc, economic events, economy, united states, stoxx 600, citigroup inc, world markets, wells fargo & co, inflation, business news, consumer prices, banks, china, markets,
Source: https://www.cnbc.com/2023/10/13/stock-markets-inflation-reports-take-center-stage-.html