Shares ended larger on Monday, kicking off per week the place the main focus might be on inflation, rates of interest, and the beginning of the second quarter earnings season.
The S&P 500 (^GSPC) added 0.24%, whereas the Dow Jones Industrial Common (^DJI) traded up 0.6%, or greater than 180 factors. The tech-heavy Nasdaq Composite (^IXIC) gained 0.18%.
Wall Road is looking forward to US shopper and producer inflation reviews due later this week, anticipated to point out that worth pressures are easing. That would nudge the Federal Reserve into easing up on charge rises later this yr, although it is nonetheless seen as more likely to hike in July even after some cooling within the June jobs report.
In the meantime, in China, recent worth information raised the specter of deflation on the earth’s second-biggest financial system, as Beijing’s stimulus strikes appear to be falling brief.
Additional out, buyers are getting set for big-name monetary outcomes, with Q2 reviews from huge banks similar to JPMorgan and Citi on Friday’s docket.
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