**: Global Market Broadcast.
U.S. stock indexes** climbed slightly in pre-market trading on Friday, and interest rates** may be affected again after the release of revised monthly inflation data in the United States.
As of press time, the Dow rose 01%, the S&P 500 index rose 02%, Nasdaq** rose 02%。
Germany's DAX index rose 01%, the UK's FTSE 100 index rose 01%, France's CAC 40 index fell 01%, the Euro Stoxx 50 index rose 01%。
WTI** fell 007% to 76$17 barrel. Brent ** fell 017% to 81$49 barrel.
"Our base case remains a soft landing for the U.S. economy, with the S&P 500 remaining around current levels by the end of the year," Solita Marcelli of UBS Global Wealth Management said in a report on Thursday (8th). ”
However, recent economic data has highlighted the potential for a period of sustained strong economic growth, moderate inflation, and faster monetary policy easing. In this case, we believe the S&P 500 has the potential to rise to around 5,300 this year. ”
Richmond Fed President Barkin reiterated that the Fed has time to be patient before cutting rates. New data on Thursday (8th) also highlighted the resilience of the U.S. economy. Initial jobless claims were slightly below consensus**, indicating that the labor market remains strong.
On Friday, when the US revised its monthly inflation data, interest rates** could be affected again.
Normally, the annual revision of the CPI index does not attract much attention from the market, but after a sharp upward revision last year, the market was surprised and doubted about the progress of reducing inflation.
Andrew Brenner of NatAlliance Securities said: "A correction in the Consumer Price Index (CPI) may pour cold water on good inflation data in the near term, but it is a volatile number. ”
We think the next move will depend on next Tuesday's CPI data. ”
Before the release of this revision, the Federal Reserve also spoke successively to "knock on the key".
Fed Chair Jerome Powell almost never stressed that he expects a specific economic data, but he said at the latest FOMC meeting that he would be closely watching the CPI inflation revision; Fed Governor Waller also mentioned the importance of the CPI revision in a speech last month.
The 30-year U.S. Treasury auction results exceeded expectations, and foreign demand surged.
On Thursday, the U.S. Treasury Department held another successful $25 billion auction of 30-year Treasury bonds this week, with a surge in foreign demand and the largest single sale in 13 months.
The final closing rate for the 30-year Treasury bonds in this auction is 436%, compared to 4. in the previous auction on January 11229% is up. Overseas demand became a highlight of the auction.
Indirect bidders, usually including foreign ** banks, etc., participate in the auction through primary dealers, and their allocation ratio is as high as 707%, the highest since June 2023 and well above the 67 in January8%, indicating that overseas investors have a very strong demand for long-term US Treasuries.
Bank of America said it was close to triggering a sell signal.
Bank of America analyst Michael Hartnett said the fast-track move to all-time highs in the U.S. is now close to triggering several selling signals.
Hartnett wrote in a note that the bank's customized bull/bear indicator rose to 68。
The strategist said that a reading above 8 indicates that the bullish trend has gone too far and is sending a reverse signal to sell. Hartnett was generally bearish last year, but his was not fulfilled.
Focus**. Nvidia rose nearly 1% pre-market, and it is rumored that Nvidia is negotiating chip design with companies such as Open AI, and is negotiating with Ericsson on a wireless chip.
PepsiCo fell nearly 2% pre-market, with Q4 net revenue of 278$500 million, below the estimate of 283$400 million.