S&P 500

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 […]

Markets 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