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core inflation
Rising Interest Rates and Central Bank Decisions Shape Investor Sentiment | Daily Market Analysis
Key events:
Dow Jones Rises Amidst Optimism for Last Rate Hike as Inflation Slows | Daily Market Analysis
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.
Mixed Stock Market As Investors Await Key CPI Data | Daily Market Analysis
Key events: Australia – Retail Sales (MoM) USA – EIA Short-Term Energy Outlook At the beginning of the week, the stock market was mixed and lacking direction in terms of risk appetite, as investors await the release of key US CPI data and a string of corporate earnings reports later in the week. Dow Jones Industrial Average closed lower amidst range-bound trading as investors awaited further catalysts, including the consumer inflation report that is due later in the week.
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