U.S. Market Performance
U.S. stocks opened slightly lower today as investors await corporate earnings reports and critical economic data. Tech stocks faced slight declines, with the broader market showing cautious sentiment. Investors watch closely for signals from durable goods orders and home sales data to assess the economy's health, Financial Times IMF.
Global Growth and Inflation
The IMF’s World Economic Outlook reiterated global growth at 3.2% for 2024, easing inflation but heightened risks due to geopolitical tensions and rising debt in developing nations. According to the IMF, disinflation is underway, but price pressures remain in specific sectors.
Upcoming Economic Data
Critical data expected this week include U.S. durable goods orders and existing home sales, which will provide insight into consumer demand and economic resilience. Additionally, flash PMI data from the U.S. and major global economies will help gauge fourth-quarter trends, according to S&P Global IMF.
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