ASX 200 and S&P 500 Set to Rise Ahead of Key CPI Print and Oil Price Decline

Tuesday, 10 September 2024, 15:37

ASX 200 futures indicate a rise of 8 points, up 0.10%, as the market anticipates the US CPI print. Meanwhile, the S&P 500 is also showing gains. Oil prices have fallen to the lowest they’ve been in two years, exerting additional pressure on the market. These factors signal a critical moment for investors.

ASX 200 and S&P 500 Set to Rise Ahead of Key CPI Print and Oil Price Decline

ASX 200 futures are trading 8 points higher, marking a 0.10% increase, as of 8:30 am AEST. The market is in a waiting mode ahead of the US CPI print and a significant Presidential debate tonight. Meanwhile, Brent crude has slumped to the lowest level seen in two years, presenting concerns for energy markets. Traders remain cautious as they await economic indicators that will influence market sentiment and investment strategies.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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