© Reuters 5 major events in today’s financial market: US CPI heavy hit Brainard to serve in the White House
Investing.com – Here are the top 5 things to know in the financial markets for Tuesday, February 14:
1.beautifulcountryCPI will be released soon, pay attention to core inflation indicators
U.S. CPI is likely to be one of the most important economic data of the year – the inflation data could determine whether interest rates are cut this year or more aggressively raise them.
Later, the US will release CPI data for January. Analysts expected 0.5% to come in at 6.2%.
Most attention, though, will likely be on the core data, which excludes energy and food prices. Analysts expected a monthly rate of 0.4% and an annual rate of 5.5%.
However, there is also a risk of higher than expected inflation data given the strong employment data released at the beginning of the month.
“A lot of commercial contracts are usually renewed in January, usually at new prices, and those prices are rarely stable at low levels,” said Stephen Innes, an analyst at SPI Asset Management.
2. Kazuo Uedawill serve asCentral Japannewpresident
The Japanese government formally nominated Kazuo Ueda as the next governor of the Bank of Japan on Tuesday. Kazuo Ueda will succeed Haruhiko Kuroda, whose term expires on April 8, and will become the first postwar BOJ governor from an academic background.
After taking office, Kazuo Ueda will face a difficult choice, namely whether to adjust his predecessor’s complex yield curve control policy without destroying the fragile economic recovery momentum.
3.U.S.Stock index futures rose slightly,Palantiraccomplishafter profitshare pricesoarLift
U.S. stock index futures rose slightly. In addition to inflation data, investors also need to pay attention to a new batch of corporate earnings and speeches by several Fed officials.
Investing.com’s U.S. stock market shows that as of 20:32 Hong Kong time (07:32 am Eastern Time), blue chip stocks rose 25.8 points, or 0.07%, and rose 10.3 points, or about 0.25%, mainly technology stocks The index rose 46.1 points, or 0.37%.
On the earnings front, consumer stocks such as Coca-Cola (NYSE: ), Restaurant Brands International (NYSE: ) and Airbnb (NASDAQ: ) are due to report within the day, which could provide clues about consumption.
Elsewhere, shares of Palantir Technologies (NYSE: ) surged 18% before the market opened after the company reported its first-ever quarterly profit and expects to do so this fiscal year as well.
4.BrayNaderOr leave the Fed and take a job in the White House
According to reports, people familiar with the matter said that US President Biden has decided to appoint Federal Reserve Vice Chairman Lael Brainard (Lael Brainard) as the director of the National Economic Council. The official news may be announced as early as the 14th local time, but it may also be later this week time to announce.
The National Economic Council, which Brainard will be in charge of, is the economic policy coordination and coordinating agency of the executive branch, and is responsible for providing economic policy recommendations to the president and overseeing the implementation of economic policies.
It is difficult to judge the impact of the appointment on the economy.Brainard, who was widely seen as a dovish FOMC and pro-stimulus measure, has shifted to a crackdowninflation。
5.crudePrices drop as U.S. releases strategic stockpile
Crude oil prices fell on Tuesday, hit by further releases from the U.S. government’s strategic reserve.
The Biden administration announced late Monday that it would release an additional 26 million barrels of crude from the Strategic Petroleum Reserve. The U.S. released a record 180 million barrels of crude oil in 2022 to curb rising fuel prices.
As of 20:32 Hong Kong time (07:32 am Eastern Time), Investing.com Commodity Markets showed: down 1.45% to $78.98/barrel; down 1.09% to $85.67/barrel.
Later in the day, U.S. crude stockpiles estimates will be released, followed by the Organization of the Petroleum Exporting Countries.
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Compiler: Liu Chuan
