Monthly Archives: August 2024
Wall Street Rally on Soft CPI
Written on August 15, 2024 at 5:42 am, by
Market Summary The most anticipated economic indicator of the week, the U.S. Consumer Price Index (CPI), was released yesterday, coming in at 2.9%, below the 3% threshold and in line with the Producer Price Index (PPI) data from the previous day. This further sign of easing inflationary pressure in the U.S. has heightened expectations thatContinue Reading
Dollar Eases On Soft PPI Reading
Written on August 15, 2024 at 5:41 am, by
Market Summary Market risk appetite improved following the release of U.S. Producer Price Index (PPI) data, which came in lower than expected at 0.1%, below both the market consensus and the previous reading. This softer inflation figure suggests that inflationary pressures in the U.S. may be easing, prompting markets to increase their expectations for aContinue Reading
Wall Street Advances Ahead of CPI
Written on August 12, 2024 at 5:12 am, by
Market Summary The equity markets continued their upward momentum, driven by the easing of the Japanese Yen’s strength. The Yen was pressured by a dovish tone from Japanese authorities, signalling that the Bank of Japan (BoJ) might keep its monetary policy unchanged amid rising global economic uncertainties. However, attention is now shifting to the upcomingContinue Reading
