Yesterday, U.S. Producer Price Index (PPI) came in lower than expected, easing fears of runaway inflation and bolstering expectations that the Fed could begin cutting interest rates. The market now anticipates possibly multiple cuts before year-end. The market is now awaiting August Consumer Price Index (CPI), scheduled for release at 1.30pm today; these figures may […]
S&P 500 at record highs, CPI is next Read More »
FTSE 100, S&P 500Markets are showing a positive tone heading into today, largely fuelled by expectations that upcoming jobs data may finally justify interest rate cuts by the Federal Reserve as soon as mid-September. The US nonfarm payrolls is expected at 1.30pm, a weak report would increase the odds of a rate cut in September. The consensus among
Outlook for today: US jobs report Read More »
FTSE 100, S&P 500The FTSE 100, a key indicator of the UK’s largest companies, has been a point of concern for investors lately. The primary culprit? Its lack of exposure to the booming tech sector. Across the pond, the S&P 500 in the US has been on a tear, fueled by the strong performance of tech giants. These
Potential For a New High in the FTSE 100 Read More »
FTSE 100