**: Global Market Broadcast.
U.S. stock indexes** weakened pre-market on Tuesday as the U.S. consumer price index for January will be released, and the market is generally ** inflation will continue to cool, which will support the case for the Federal Reserve to cut interest rates.
As of press time, the Dow fell 02%, and the S&P 500 fell 04%, Nasdaq** fell 07%。
Germany's DAX index fell 04%, the UK's FTSE 100 index fell 05%, France's CAC40 index fell 03%, the Euro Stoxx 50 index fell 07%。
WTI** rose 075% at 77$50 barrel. Brent** rose 77% to 82$63 barrel.
The US CPI data for January will be released at 21:30 today, and it is expected to rise by 02%, in line with December's increase; Core CPI is also expected to rise by 03%；CPI and core CPI are expected to rise by 29% and 37%。
These numbers are crucial because they reflect the outcome of the Fed's ongoing fight against inflation.
Although the market has low expectations for a rate cut in March, the probability of a rate cut in May is still more than 50%. The Federal Reserve**, including Chair Powell, stressed that more evidence of a sustained decline in inflation is needed before interest rate cuts can be considered.
Powell's recent comments underscore a cautious approach that balances the risk of acting too early or too late. The strength of the U.S. economy provides a cushion against recession risks, allowing for a more cautious approach to interest rate adjustments.
CIBC expects the US CPI report for January to be "boring".
The Canadian Imperial Bank of Commerce (CIBC) noted that we expect the January CPI report to remain boring. Core inflation will remain broadly in line with the target and is expected to grow by 03%, while headline inflation will fall slightly to increase by 02%。The Fed will be keeping a close eye on inflation data to look for more progress in services inflation. Factors such as the rebalancing of the used car market should dampen core goods** and mitigate the impact of higher transportation costs.
ABN AMRO expects the US CPI annual rate in January to return to the "2 era" for the first time since the beginning of 2021.
ABN AMRO noted that US CPI inflation is expected to remain relatively modest in February, with a month-on-month increase of 01%。Gasoline **further**, used cars **again**, offset the continued firmness of services (housing rents and healthcare) inflation. Headline inflation is expected to fall to "2 times" for the first time since early 2021.
U.S. commercial real estate is on the test: nearly a trillion dollars of debt is due this year.
Nearly 20% of outstanding debt in the U.S. commercial and multifamily real estate sector is due this year, amounting to $929 billion, far exceeding expectations, and these debts will need to be refinanced or refinanced**.
About 25% of office loans in the hardest-hit areas are due this year. Nearly 20% of outstanding debt in the U.S. commercial and multifamily real estate sector will mature this year, amounting to $929 billion, that will need to be refinanced or refinanced**.
The $929 billion is 40% higher than the Mortgage Bankers Association's (MBA) previous estimate of $659 billion. The surge was due to loan extensions and other delays, not new transactions.
Bank of America: 2024 **does not need to cut interest rates to continue**.
Bank of America strategist S**Ita Subramanian said that a scenario of no rate cuts in 2024 is not necessarily bad news for **, he wrote in a note on Monday that no matter what the Fed does this year, there is still room.
"We believe that as long as the Fed does not raise rates further, it can remain reasonably well positioned, especially those with net cash or those dealing with inflation with higher nominal GDP growth and tighter employment," Subramanian said.
The rise in long-term interest rates bodes well for U.S.-share companies with large amounts of cash, as they can earn significant interest. Subramanian highlighted that about one-third of S&P 500 companies have net cash and will benefit from higher cash yields.
Focus**. JetBlue Airways rose 16 percent pre-market0%, the "Wall Street Wolf King" Icahn acquired nearly 10% of its shares.
Shopify fell 87%, Q4 sales were 21400 million US dollars, a year-on-year increase of 2357%。
ARM fell 65%, the stock rose 293%。
Tesla fell 07%, the Model Y will be temporarily reduced by $1,000 in the United States.
Rivian fell 09%, Barclays downgraded its rating to "hold" and lowered its price target to $9, warning of a general slowdown in the EV market.
Biogen fell 35%, Q4 revenue was 23US$900 million, down about 6% year-on-year, lower than market expectations of 24$600 million.
Coca-Cola rose 1 pre-market4%, Q4 revenue of $10.8 billion, a year-on-year increase of about 7%, exceeding market expectations of 106$700 million.
Moody's fell nearly 15%, Q4 adjusted EPS was lower than expected.