US Futures Waver as PPI Keeps Rate Debate Open: Markets Wrap – Yahoo Finance
(Bloomberg) — U.S. stock futures firmed after producer price inflation was in line with expectations as investors debated the possibility of a December interest rate cut. Most Read Articles on Bloomberg U.S. Treasury yields rose on the data, with S&P 500 and Nasdaq 100 contracts giving up modest gains, amid signs that post-election stock gains […]
Gold (XAU) Price Forecast: Fed, CPI, and PPI Set the Stage for Gold’s Next Move – FX Empire
Weekly US Dollar Index (DXY)Following Donald Trump's victory in the US presidential election, the US dollar strengthened significantly, putting downward pressure on gold prices. The dollar index rose 0.6% for the week, reaching its highest level since July, while gold fell, reflecting risk-off sentiment among traders who poured money into assets that could benefit from […]
Japanese Yen ticks lower against USD, remains close to over two-month low ahead of US PPI – FXStreet
Amid uncertainty about the Bank of Japan's interest rate hike, the Japanese yen has been unable to extend its overnight appreciation. A modest rise in the USD further supports USD/JPY regaining some positive traction on Friday. A weakening risk tone could limit the yen's losses ahead of the US PPI report and put a cap […]
Pound Sterling posts fresh weekly high on lower UK jobless rate and soft US PPI – FXStreet
The pound surged against the US dollar on strong UK employment figures and a weak US producer price index. The UK unemployment rate unexpectedly fell to 4.2% and average incomes rose more than expected. Investors are awaiting UK and US inflation data for July, due on Wednesday. During North American trading hours on Tuesday, the […]
Futures rise as PPI set to kick off data deluge By Reuters – Investing.com
(Reuters) – Futures for Wall Street’s main stock indexes rose on Tuesday ahead of the release of a producer price index that is expected to give some clues about the Federal Reserve’s progress in tackling inflation and the direction of interest rates. After a tumultuous week that included mixed economic data and a Bank of […]
Gold remains depressed below monthly peak, looks to US PPI for some impetus – FXStreet
Gold prices have retreated from near monthly highs that were retested earlier this week on Tuesday. Bulls chose to reduce their bets amid a bullish risk environment and ahead of the release of US inflation data. Geopolitical risks and expectations of a 50bps rate cut by the Fed will help cap the decline. Gold prices […]
Futures turn negative after hot PPI data douses rate-cut bets – Yahoo Finance
Medha Singh and Ankika Biswas (Reuters) – Wall Street got off to a subdued start on Friday as investors digested mixed earnings from big banks, while a slightly better-than-expected producer price index helped temper expectations that the Federal Reserve will start easing interest rates in September. JPMorgan Chase & Co.’s second-quarter profit rose on higher […]