September rate cut, bank earnings, Biden presidential bid - what’s moving markets By Investing.com

Category: Finance

Wall Street reacts to softer-than-expected inflation data with technology stocks facing losses, while optimism for a September interest rate cut grows. President Biden reaffirms his intention to run in the 2024 elections. Markets anticipate a rate cut following cooling inflation data. Second quarter earnings season begins with major Wall Street banks reporting. China's trade data shows a surge in exports but a drop in imports, impacting key commodities.

Keywords: Wall Street, inflation data, interest rate cut, President Biden, earnings season, China trade data

Source: Investing.com

Update At: 7/12/2024

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