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Search resuls for: "Finance behemoths"


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LONDON — European markets were slightly lower on Monday morning, as investors digest a surprisingly low Chinese inflation reading and look ahead to key U.S. data and corporate earnings later in the week. U.S. stock futures were lower in early premarket trading on Monday as investors prepared for the slate of inflation data and the start of second-quarter earnings season. U.S. stocks closed lower on Friday after the Labor Department's June jobs report showed payrolls increased less than expected, cooling down from May. The figures increased expectations that the Federal Reserve will have to restart interest rate hikes this month. There are no major corporate earnings or economic data releases due out of Europe on Monday.
Persons: Finance behemoths, Wells, Nonfarm Organizations: Finance, Finance behemoths BlackRock, JPMorgan Chase, Citi, Labor, Federal Reserve Locations: Asia, Pacific, Wells Fargo, Europe
U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on June 14, 2023 in Washington, DC. Stock futures ticked up on Sunday evening as investors prepare for a slate of inflation data on Wednesday and Thursday and brace for the start of the second-quarter earnings season. Nasdaq 100 futures climbed 0.01% while S&P 500 futures gained about 0.1%. Stocks are heading into a new week after closing lower on jobs data from ADP and the Labor Department last week. "The reason is negative operating leverage — when cost growth exceeds sales growth, earnings growth takes a steep hit."
Persons: Jerome Powell, Finance behemoths, Wells, Morgan Stanley, Edward Stanley Organizations: Federal Reserve, Federal, Market, Dow Jones, Nasdaq, Labor Department, Finance, Finance behemoths BlackRock, JPMorgan Chase, Citi Locations: Washington , DC, Wells Fargo
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