Investing.com — All eyes will be on the U.S. monthly consumer prices release later in the session as investors look for confirmation that the Federal Reserve will begin cutting interest rates in September. Inflation in the U.K. was relatively benign, while UBS impressed with its quarterly earnings. 1. US CPI in focus It is now … Read more
(Bloomberg) — European stocks look set to follow their Asian peers higher on bets that the next U.S. consumer price report will allow the Federal Reserve to begin easing policy in September. Most read on Bloomberg Euro Stoxx 50 futures rose 0.3%, while U.S. equity contracts traded little changed. MSCI’s benchmark index for Asian shares … Read more
The DXY index falls below 103.00 as US producer price index figures disappoint. US economic growth continues to trend higher, suggesting that markets may be overestimating aggressive easing requirements. CPI is now in focus for a clearer inflation outlook. On Tuesday, the US dollar (USD), as measured by the US Dollar Index (DXY), showed a … Read more
By Alden Bentley NEW YORK (Reuters) – U.S. Treasury yields fell on Tuesday after a dovish producer price report that looked unlikely to divert the Federal Reserve from a easing path, while consumer price data on Wednesday will round out the inflation picture. The producer price index for July rose a less-than-expected 0.1% after rising … Read more