December inflation, Apple earnings, Trump tariffs: 3 Things
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US stock futures (ES=F, NQ=F, YM=F) after December's Personal Consumption Expenditures (PCE) index — the Federal Reserve's preferred inflation gauge — saw core prices rise by 2.8% annually, in line with estimates.
Apple (AAPL) may have topped Wall Street estimates in its fiscal first quarter earnings results, while it reported revenue declines in China. Chipmaker Intel (INTC) also beat its fourth quarter forecasts.
Lastly, President Trump is expected to enact 25% tariffs against Canada and Mexico at the start of February 1.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
This post was written by Luke Carberry Mogan.
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