(CercleFinance.com) – Futures on the S&P500 and the Nasdaq-100, down 0.4% and 0.5% respectively, augur a rather gloomy opening for a week rich in American macroeconomic data, starting with the consumer price index (CPI).
‘The increase in the CPI is expected at 0.4% monthly. If this is the case, this would confirm a strengthening of inflation in the first quarter’, warns Oddo BHF, for whom this statistic to be published on Tuesday before the opening, ‘has the potential to be a big market mover’.
The research office recalls that underlying inflation tends to recover and its level, around 4% per year, “is not comfortable for the Fed”, which “confirmed that its central scenario was to lower its rates in 2024, but not right away’.
Other statistics expected in the coming days in the United States include producer and import prices, as well as retail sales and industrial production for February.
As a reminder, American data will appear one hour ahead of their usual schedule, for the next three weeks, due to the United States switching to summer time last weekend.
On the stock front, the quarterly reports from the IT group Oracle are due to be published this Monday after the close, with the week also expected to see those from the distributor Dollar Tree and the software publisher Adobe.
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