The Daily Chase: Awaiting U.S. inflation data; Market sentiment improves
BNN Bloomberg
Global financial markets are on U.S. inflation watch today. The August consumer price index is expected to have slowed to an 8.1 per cent annual rate from 8.5 per cent in July.
And we’ll point out here that The Canadian Press is reporting Prime Minister Justin Trudeau will announce the enhanced GST rebate and other measures designed to offset inflation pressure that were delayed last week after the Queen’s passing.
MARKET WATCH
No doubt markets will take their cues from U.S. inflation today; but we’ll flag that the S&P 500 is entering the day on its longest winning streak since July, and the S&P/TSX Composite Index has rallied almost five per cent over the last four sessions. This morning we’re also seeing the U.S. dollar index extend its slide from last week’s record high.
