Analysts at Scotiabank offer a sneak peek at what to expect from Wednesday’s US CPI release, with any rise likely to be transitory. Key quotes “Base effects on their own would drive inflation from 2.6% to 3.3% y/y and core from 1.6% to 2.1%.” “Supply chain pressures and seasonal influences on month-over-month price changes account […]
US: Headline CPI likely to drop to 0.2% MoM in April – Scotiabank Read More »
S&P 500 Futures stays depressed near monthly low, flashed the previous day. Wall Street kept the red despite upbeat US Treasury yields. Israel-Palestine tussle, mixed covid vaccine updates add to the risk-off mood. S&P 500 Futures take offers around 4,135, down 0.25% intraday, during the early Wednesday. The risk barometer dropped to the lowest since
S&P 500 Futures drop for third consecutive day amid pre-US CPI caution Read More »
S&P 500 Futures drop for the second consecutive day. Uncertainty over Fed’s future action amid heavy stimulus troubles traders. Pre-US CPI cautious mood, light macro also weigh on the mood. S&P 500 Futures take offers around 4,150, down 0.75% intraday, as market sentiment remains sour during early Tuesday. In doing so, the risk barometer follows
S&P 500 Futures track Wall Street’s losses to revisit mid-4,100s Read More »
NZD/USD extends bounce off intraday low, stays pressure for the second consecutive day. China CPI lagged behind upbeat expectations but PPI jumped to the highest since October 2017. Market sentiment dwindles amid reflation fears, stimulus hopes and a light macro feed. NZD/USD trims intraday losses to 0.21% while picking up bids around 0.7265 during early
NZD/USD pares losses below 0.7300 after China CPI, PPI Read More »
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S. Korean Pres. Moon: Will aim for 4% economic growth this year Read More »
S&P 500 Futures stay on the front-foot while refreshing all-time high. NFP smashed chatters relating to Fed tapering, rate hikes. EU signs vaccine deal, Australia’s NSW is also up for Pfizer-BioNTech jabs soon. Mixed oil headlines and a light calendar keeps market less active. S&P 500 Futures print four-day uptrend while refreshing record top with
S&P 500 Futures refresh record top above 4,200 as vaccine hopes add to post-NFP optimism Read More »