PARIS (Reuters) – American stock markets opened without any marked direction on Wall Street on Monday, with the publication of CPI inflation scheduled for Tuesday encouraging markets to be cautious.

In early trading, the Dow Jones index remained at 38,683.02 points and the broader Standard & Poor’s 500 at 5,027.52 points. The Nasdaq Composite lost 0.09% or 13.73 points, to 15,976.937.

CPI inflation figures for January will be released on Tuesday, and will provide more insight into the evolution of the disinflation process, which is essential for the Federal Reserve to be able to lower its key rates.

Numerous macroeconomic data will also be published this week in the United States and will help the markets to clarify their outlook for 2024. The Philly Fed sentiment indicator for February, retail sales or industrial production for January, will be published on Thursday.

Several interventions by monetary policy makers, including members of the Fed’s board of governors Michelle Bowman, Thomas Barkin and Neel Kashkari, are expected on Monday and will be closely followed by investors attentive to the central bank’s diagnosis of the economy American.

In terms of values, Diamondback Energy gained 6.07% after announcing the purchase of Endeavor Energy Resources, the largest unlisted oil and gas producer in the Permian Basin, as part of a cash and stock transaction. about $26 billion, including debt. [L6N3EX03L]

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(Written by Corentin Chappron, edited by Kate Entringer)

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