Apple's Baidu Link, Nissan sales, STOXX 600 growth - what's moving markets
Investing.com — Apple has been linked with Baidu over using the Chinese internet giant’s AI models in China, while Nissan (OTC:NSANY) launches a new three-year business plan. Goldman turns more positive on European equities, while Wall Street looks set to start the new week on a negative note.
U.S. stock futures slipped lower Monday, starting a holiday-shortened week by handing back some of the previous week’s strong gains ahead of the release of the Federal Reserve’s preferred gauge of underlying inflation.
By 05:25 ET (09:25 GMT), the Dow futures contract was down 45 points, or 0.1%, S&P 500 futures had dipped by 7 points or 0.1%, and Nasdaq 100 futures had fallen by 35 points or 0.2%.
The market is on track for its fifth consecutive month of gains, with the broad-based S&P 500 adding around 2.3% last week, the Dow Jones Industrial Average gaining just under 2% for its best week since December, and the Nasdaq Composite jumped about 2.9% — all recording all-time closing highs.
The Fed’s favorite inflation gauge, the core personal consumption expenditures price index, is due for release when markets are closed for Good Friday.
The index, which excludes food and energy costs, is forecast to rise 0.3% in February after posting its biggest monthly increase in a year the prior month.
It will be studied carefully after the Fed last week stuck with projections for three interest rate cuts this year, despite revising up its forecast for economic growth, adding that it wanted more evidence inflation is slowing before easing.
Additionally, Fed Chair Jerome Powell, Atlanta Fed president Raphael Bostic and Fed governors Lisa Cook and Christopher Waller are among some of the Fed officials due to make appearances during the coming
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