CNBC Daily Open: Inflation goal in view
Publishing timestamp: 2023-12-25 18:43:33
Summary
The U.S. core personal consumption expenditures price index rose slightly for November, indicating that the Federal Reserve has essentially reached its inflation goal. Major U.S. indexes had their eighth consecutive winning week. However, Tencent and NetEase's shares sank due to new gaming rules in China. Soft commodities are experiencing record rallies due to El Nino. The final trading week of the year is typically buoyant for stocks, but inflation looks like it's going down.
Sentiment: MIXED
Tickers: 9999-HK, .FTSE, .RUT, .IXIC, .SPX, .DJI, 700-HK, NKE, .RUA,
Keywords: united states, inflation, tencent holdings ltd, dow jones industrial average, nike inc, markets, s&p 500 index, business news, netease inc, prices, nasdaq composite, commodity markets, technology, economic events, ftse 100, russell 2000 index, world markets,
Source: https://www.cnbc.com/2023/12/26/stock-markets-inflation-goal-in-view.html