PARIS (Reuters) – American stock markets opened mixed on Monday on Wall Street before the publication of CPI inflation on Tuesday and the next meeting of the Federal Reserve on Wednesday.
In early trading, the Dow Jones index gained 42.84 points, or 0.12% to 36,290.71 points and the broader Standard & Poor’s 500 fell 0.15% to 4,597.33 points. The Nasdaq Composite lost 0.44% or 63.84 points, to 14,340.128.
Investors are showing caution at the start of a busy week of indicators in the United States.
The most anticipated data will be CPI inflation for November, which will help shed light on how the disinflation process is unfolding as base effects on energy dissipate and the slowdown in housing markets has not yet filtered through. price dynamics.
Producer prices on Wednesday, retail sales on Thursday, and industrial production on Friday are also expected.
The Fed’s monetary policy meeting on Wednesday will be the other big meeting of the week: the slowdown in inflation rules out the risk of further rate hikes, according to the swap markets, but the governor of the central bank, Jerome Powell, could adopt a restrictive tone and insist that the easing of financial conditions is still far away.
In terms of values, Cigna jumped 15.8% after giving up its plan to buy Humana and announcing on Sunday its intention to buy back an additional $10 billion of its shares. Jefferies raised its recommendation on the stock from “hold” to “buy”. Humana takes 0.29%.
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(Written by Corentin Chappron, edited by Kate Entringer)
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