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US to release employment, CPI, and index rebalancing data this week, liquidity to be the focus
Summary: With a series of delayed economic data releases and market-wide index rebalancing, market volatility may be triggered this week. The US will release November employment report and key inflation readings, which could support or challenge the Fed's interest rate outlook for the new year. Fed officials cut rates for the third consecutive time last week, ...
With a series of delayed economic data releases and market-wide index rebalancing, market volatility may be triggered this week. The US will release November employment report and key inflation readings, which could support or challenge the Fed's interest rate outlook for the new year. Fed officials cut rates for the third consecutive time last week, hinting at a possible further rate cut next year as rates approach neutral levels.
This week, the US will also release the November Consumer Price Index (CPI) report. Economists surveyed by WSJ expect the index to rise by 3.1% year-on-year. Farzin Azarm, Managing Director of Stock Trading at Mizuho Securities USA, stated that one of the most important market events this week is the quarterly index rebalancing of the S&P 500 and Nasdaq 100 indices on Friday, where index providers will adjust the components and weights of their benchmark indices to continue representing the tracked markets.
The US stock market saw significant declines last Friday. According to FactSet data, the S&P 500 index fell by 0.6%, the Nasdaq Composite Index dropped by 1.6%, while the Dow Jones Industrial Average rose by 1.1%.
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Link: US to release employment, CPI, and index rebalancing data this week, liquidity to be the focus [Copy]
