Financial Market Preview - Thursday 12-Sep
FactSet U.S. Daily Market Preview - A podcast by FactSet
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US futures are pointing to a firmer open today. European equity markets are trading up, and Asian markets finished broadly higher, driven by a tech rally in Japan, Korea, Taiwan, and Hong Kong. Top stories today include bullish sentiment in the tech and AI sectors, buoyed by remarks from NVIDIA CEO Jensen Huang on demand for AI chips. In macro news, US core inflation came in slightly hotter than expected, prompting markets to scale back expectations of a 50 basis point rate cut by the Fed next week. However, the broader disinflation narrative remains intact, with the Federal Reserve now more focused on growth risks and the labor market. Companies Mentioned: Google, OpenAI, Microsoft, Nippon Steel, US Steel