Apple's shares were down more than 1% in premarket trading as Huawei's tri-fold smartphone upstaged Apple's launch of its new series of iPhones and other...
- U.S. stock index futures struggled for direction on Tuesday ahead of a crucial consumer price inflation report later in the week that could firm up bets on the size of the interest rate cut by the Federal Reserve on Sept. 18.
This week's focus continues to be on the August inflation reading on Wednesday that is likely to show a slight moderation in the headline number to 2.6% on a year-on-year basis, while it is expected to remain unchanged at 0.2% on month.Money markets see a 73% chance of the U.S. central bank cutting interest rates by 25 basis points and expect the Fed to ease monetary policy by a total of 100 bps by the end of 2024, according to CME's FedWatch Tool.
Among other movers, Oracle jumped 8.6% after beating estimates for quarterly results and forecast second-quarter revenue growth above expectations, boosted by growing demand for its cloud offerings. Managed Services Market Managed Services Market Dublin, Sept. 10, 2024 -- The "Managed Services Market Report, Forecast by Type, Size of Enterprise, End-User, Deployment, Countries and Company Analysis 2024-2032" report has been added to ResearchAndMarkets.com's offering.The Managed Services Market will be worth US$ 520.54 billion by 2032 up from US$ 258.24 billion in 2023 with CAGR of 8.10% from the year 2024 and 2032.
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