Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Sept 11 - Wall Street futures gained on Monday as Tesla shares rose, while investors awaited inflation data due later this week for clues on the U.S. Federal Reserve's interest-rate path.
The consumer price data on Wednesday will indicate whether the U.S. economy is on track for a so-called soft landing that could allow the Fed to bring down inflation without sharply impacting growth. Traders see a 93% chance of the central bank holding its interest rates at current levels in the September meeting, while their odds for a pause in November stand at 55.4%, according to CME FedWatch Tool.
Tesla climbed 6.4% in premarket trading as Morgan Stanley upgraded the EV maker to"overweight" from"equal-weight" due to potential growth in its market value from Dojo, the firm's supercomputer. Shares of Boeing rose 1.4% after the White House said that Vietnam Airlines' deal to buy 50 737 Max jets from the planemaker was worth $7.8 billion.
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