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U.S. investors also keeping an eye on EU’s consumer price report
Yves Herman | Reuters

U.S. investors aren’t just looking toward Thursday’s personal consumption expenditures data — they’re also interested in the European Union’s consumer price index data coming out on Friday.

The EU’s CPI index will be for February, providing a closer update on inflation than the U.S.’s PCE results and most recent CPI report, which are for January.

“More interesting than the PCE will be the European CPIs (since they are for Feb instead of Jan) – if they show the type of disinflation anticipated by investors, it’s likely [that] Lagarde’s tone during the upcoming ECB press conference on March 7 is more dovish than the present narrative,” Vital Knowledge wrote in a Wednesday note.

“The ECB will be forced to actually cut rates in June because inflation is going to be below their target,” said Infrastructure Capital Advisors CEO Jay Hatfield. “If the ECB cuts rates then U.S. rates will drop accordingly.”

— Hakyung Kim

https://www.cnbc.com/2024/02/27/stock-ma...dates.html