Stocks recover at quarter end as inflation diminishes
|Short-covering amid lower inflation helps stocks stabilize, says Axel Rudolph, Senior Market Analyst at online trading platform IG.
Stock stabilize on last day of quarter
“The September rut in stock indices paused into quarter end as both Eurozone and the Fed's preferred PCE inflation measure slow down. A lower oil price, US yields and US dollar also help sentiment, despite the greenback remaining on track for its eleventh consecutive week of gains."
Partial US government shutdown remains on the cards
“As last ditch attempts in Congress to avert a US government shutdown look set to fail, volatility and negative market sentiment may once more rear their heads amid next week's European and US PMI, industrial production and employment data."
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