CNBC Daily Open: Despite cool inflation, don’t expect rate cuts
Publishing timestamp: 2023-11-15 18:50:13
Summary
The article discusses the recent cooling of inflation and its impact on the stock market. It mentions positive news on inflation in the UK and the potential for the Bank of England to leave interest rates unchanged. It also discusses the meeting between US President Joe Biden and Chinese President Xi Jinping, where they struck a conciliatory tone. The article also mentions the demand for additional tier one bonds by UBS and the potential impact of lower inflation on cash parked in money market funds. It concludes by noting that while inflation is dropping, there is no guarantee that interest rates will fall in tandem.
Sentiment: MIXED
Tickers: ENR-DE, .BBKA, .SPX, DB, .IXIC, UBS, UBSG-CH, .DJI,
Keywords: world markets, joe biden, united states, siemens energy ag, s&p 500 index, nasdaq composite, dow jones industrial average, markets, business news, prices, economic events, xi jinping, banks, ubs group ag, deutsche bank ag, inflation,
Source: https://www.cnbc.com/2023/11/16/stock-markets-despite-cool-inflation-dont-expect-rate-cuts.html