A Critical Week for Stocks
What’s in Today’s Report:
- A Critical Week for Stocks
- Weekly Market Preview: Will the Fed confirm smaller rate hikes in the months ahead?
- Weekly Economic Cheat Sheet: Is the U.S. economy quickly losing momentum?
Futures are modestly lower following disappointing inflation data and as Russia suspended grain shipments from Crimea.
EU HICP (their CPI) ran hotter than expected, rising 10.7% vs. (E) 10.2% y/y while Core HICP rose 5.0% vs. (E) 4.8%, again showing that inflation pressures are not easing.
Russia suspended grain shipments in response to rocket attacks on Crimea, sending wheat prices sharply higher which will add to inflation pressures.
Today there are no economic reports but there are some notable earnings, especially from the semi-conductor companies and some companies we’re watching include: ON ($1.31), NXPI ($3.62), CAR ($14.80).