Pre-Market Pulse 13th October – Hot Inflation & employment data lifts yields
The CPI rose to 0.4% in September, taking the annual rate to 3.7%, slightly above expectations for a 0.3% and 3.6% rise respectively.
The CPI rose to 0.4% in September, taking the annual rate to 3.7%, slightly above expectations for a 0.3% and 3.6% rise respectively.
Investors shrugged off PPI (Producer Price Index) data pointing to an uptick in the pace of inflation as equities gained ahead of the key CPI
Equites closed higher on Tuesday after dovish comments from U.S. Federal Reserve officials pushed Treasury yields lower while investors cautiously monitored developments in the Middle East.
Equites edged higher as investors bought the early-day weakness after weighing up a more cautious tone rate hike from Federal Reserve officials and rising geopolitical tensions amid fears the Israel-Hamas conflict.
Equites jobs report on Friday sparked a delayed rally on Wall Street as the data revealed a strong economy with moderating inflation that helped set aside fears of higher interest rates that caused bond yields to soar
Equites finished mixed overnight leading into key employment numbers as the market took a breather from this week’s unhinged indecisiveness.
Oil prices have taken a hit amidst global financial market unrest, with recent data amplifying concerns about crude and gasoline demand.
The DOW turned negative for the year as data showing surprise strength in the labor market,
Equites gave back initial gains from the US govt averting a shutdown until Treasury yields were pushed higher by growing expectations for another Federal Reserve interest rate hike
Equites bounced overnight as investors bought the dip after recent weakness in tech stocks just as the rally in Treasury yields paused ahead of key inflation data tonight .
Equites ended mixed as the DOW was weighed down by new highs in long term treasuries, while the growth focused Nasdaq defied the elephant in the room, yet again, to finish slightly higher.
Equites closed at their lowest level since June (March for the Dow), as weaker consumer confidence data fueled worry about the economy just as consumers face higher for longer interest rates and inflation that could rein in spending.