568 days ago
US PPI is out and the message is mixed. On a positive note, the headline PPI came in at 8.7% YoY, below expectations. Nevertheless, Core PPI surprised to the upside, growing by 7.3% (vs 7.1% estimated).
569 days ago
Equity futures are advancing ahead of the much-anticipated US inflation reading on speculation US data will support bets that inflation is near peaking.
573 days ago
Equity futures are advancing as investors are assessing whether monetary tightening to tackle inflation in the US is getting closer to being priced in. S&P500 futures rose above 4,000 for the first time since late August and
the euro touched the highest level in two weeks.
576 days ago
US ISM services came in stronger than expected surprising the whole market. Employment, New orders, and Business activity all bounced, beating estimates. The report shows the economy is still coping very well with the rise in interest rates. Nevertheless, stocks continued their slide as it also suggests that higher interest rates are here to stay for some time longer. Meanwhile, the dollar surged to the highest level since 2002.
581 days ago
Global stocks extended losses to a six-week low and US shares followed suit. ISM data came in stronger than expected and showed that the economy is weathering the rate hikes well, giving the Fed more reason to continue with its restrictive policy.
