ECB’s Villeroy: inflation risks warrant keeping policy options open

Wall Street closed with slight gains as investors reacted to economic data that supports expectations for a Federal Reserve interest rate cut. The market's performance reflects a cautious optimism amid ongoing economic assessments, particularly focusing on inflation indicators.

Skyharbour Resources has successfully raised C$2.1 million to fund its uranium exploration initiatives, a significant step in advancing its projects in the resource sector. This funding is expected to enhance the company's operational capabilities and exploration efforts in the uranium market.

U.S. consumer credit has unexpectedly declined, falling short of forecasts, which raises concerns about consumer spending and economic growth. This dip indicates a potential tightening of credit availability, impacting consumers' ability to finance purchases.

François Villeroy de Galhau, Governor of the Bank of France, stated that financial market participants believe the European Central Bank's (ECB) terminal interest rate is 2%, suggesting that borrowing costs will not decrease further. He emphasized the importance of keeping all policy options open in light of ongoing inflation risks.

The Michigan Consumer Sentiment Index has shown an uptick, surpassing both forecasts and previous figures, indicating a growing optimism among consumers in the state. This positive shift reflects a potential increase in consumer spending, which is crucial for economic growth.

XCF Global's stock has seen a rise following the announcement of its second sustainable aviation fuel (SAF) production facility, indicating positive market sentiment towards the company's expansion efforts. This development is part of XCF Global's strategy to enhance its production capabilities in the growing SAF sector.

Aethlon Medical's stock has experienced a decline following a $3.3 million private placement, reflecting investor concerns about the company's financial health and future prospects. This move has raised questions about the effectiveness of the company's capital-raising strategies in a challenging market environment.

Wall Street opened subdued as investors await a crucial inflation report, specifically the Personal Consumption Expenditures (PCE) data, which is anticipated to significantly influence market sentiment. This cautious approach reflects the broader uncertainty in the markets as participants seek clarity on inflation trends.