US Inflation, ECB Rate Cuts Stir Market Uncertainty: Stocks, Home Prices Rise Amid Volatile Trading
January 11, 2024Investors closely monitoring US inflation data due to potential impact on interest rates.
European markets worried about ECB's interest rate cuts and possible eurozone recession.
Precious metals show mixed performance; gold prices stable.
US dollar slightly lower, stock futures mostly higher but market volatility persists.
Home prices are on the rise, delays and cancellations observed in space exploration programs.
Traders are awaiting upcoming inflation reports and earnings season amid stock valuation uncertainties.
Positive earnings reports from Intuitive Surgical and Lennar impact the market, while Coinbase and Marathon Digital suffer from falling bitcoin prices.
Megacap companies like Microsoft, Meta, and Nvidia driving gains in the stock market.
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