Global Market Buzz | June 12, 2024
🇺🇸 US News:
▪️ US CPI Report: Inflation Cools to 3.3% vs expected 3.4%, raising hopes for Fed rate cuts.
▪️ FedEx eyes headcount reduction in Europe to cut costs.
📅 What to Watch Today:
▪️ Oil Markets Eye Surplus: The IEA predicts a major oil surplus this decade due to slowing demand, potentially impacting energy stocks worldwide.
💡 Fun Fact:
▪️ The United States makes up 40% of the world stock market.
🇺🇸 US News:
▪️ US CPI Report: Inflation Cools to 3.3% vs expected 3.4%, raising hopes for Fed rate cuts.
▪️ FedEx eyes headcount reduction in Europe to cut costs.
📅 What to Watch Today:
▪️ Oil Markets Eye Surplus: The IEA predicts a major oil surplus this decade due to slowing demand, potentially impacting energy stocks worldwide.
💡 Fun Fact:
▪️ The United States makes up 40% of the world stock market.