CPI inflation page 2

Key events:   USA - Consumer Inflation Expectations On Friday, the Dow concluded with an increase, achieving a modest weekly advancement. However, the potential for further gains was limited due to resurfacing concerns about inflation, which led to an increase in Treasury yields. These inflation worries also dampened investor expectations that the Federal Reserve would refrain from implementing interest rate hikes later in the year.

Key events: UK - GDP (YoY) (Q2) UK - GDP (MoM) (Jun) UK - GDP (QoQ) (Q2)   USA - PPI (MoM) (Jul) The Dow Jones Industrial Average concluded with gains on Thursday, buoyed by a surge in Disney shares that helped recover much of its earlier losses, even as climbing Treasury yields cast a shadow over market sentiment. This occurred alongside the release of data indicating further signs of abating inflation.

Key events: USA - Crude Oil Inventories China - CPI (MoM) (Jul) China - PPI (YoY) (Jul) On Tuesday, all three major stock market indicators on Wall Street concluded with losses, as a widespread selloff was prompted by credit rating agency Moody's (NYSE: MCO) downgrading several financial institutions. This event rekindled concerns regarding the well-being of both US banks and the overall economy.

Key events: Australia - RBA Interest Rate Decision (Aug) UK - S&P Global/CIPS UK Manufacturing PMI (Jul)   USA - ISM Manufacturing PMI (Jul) USA - JOLTs Job Openings (Jun) On Monday, Wall Street and global stocks showed minimal changes, remaining relatively stable. However, oil prices experienced some gains, and the dollar remained mostly steady. Traders were focused on upcoming corporate earnings, central bank meetings, and an important employment report scheduled for this week.

Key events:  UK - GDP (MoM) (May) USA - Initial Jobless Claims USA - PPI (MoM) (Jun) The Dow Jones Industrial Average closed higher on Wednesday, despite giving up some of its gains. The positive finish was driven by a decline in Treasury yields and a boost in the tech sector following data that revealed the slowest increase in inflation in over two years. This development has sparked optimism that the anticipated rate hike later this month might be the last one.

Key events: New Zealand - RBNZ Interest Rate Decision USA - Core CPI (MoM) (Jun) USA - CPI (YoY) (Jun) USA - CPI (MoM) (Jun) Canada - BoC Interest Rate Decision USA - Crude Oil Inventories Stocks recorded gains on Tuesday, primarily driven by the energy and big tech sectors, while investors eagerly awaited upcoming inflation reports. The Dow Jones Industrial Average increased by 317 points or 0.9%, the S&P 500 rose by 0.7%, and the Nasdaq saw a 0.6% increase.

Key events:                                                Japan - BoJ Press Conference Eurozone - CPI (YoY) (May) USA - Michigan Consumer Sentiment (Jun) USA - Fed Waller Speaks On Thursday, the S&P 500 and Nasdaq reached their highest levels in 14 months, propelled by positive economic data that suggested the US Federal Reserve is approaching the conclusion of its aggressive interest-rate hike campaign. This news delighted investors, leading to a surge in the stock market.

Key events: USA - Initial Jobless Claims     Investor sentiment was mixed in the US stock market as market participants awaited the upcoming Federal Reserve meeting and new information regarding inflation. The Dow Jones Industrial Average edged up by 27 points or 0.1%, while the S&P 500 declined by 0.1%, and the NASDAQ Composite dropped by 0.5%.

Key events:  USA - GDP (QoQ) (Q1) USA - Initial Jobless Claims USA - Pending Home Sales (MoM) (Apr) On Wednesday, the major indices of Wall Street closed in negative territory due to the ongoing discussions between the White House and Republican representatives regarding the increase in the US debt ceiling, which have not resulted in a deal yet.

Key events:         Australia – RBA Meeting Minutes      UK – Average Earnings Index +Bonus (Feb) UK – Claimant Count Change (Mar) USA – Building Permits (Mar)    Canada – Core CPI (MoM) (Mar) Last week risky assets received a decent boost for growth in the form of inflation data. However, this data did not influence much the dynamics of risk instruments – a small cautiousness of market participants is noticeable. So how will the situation be in reality now?