We’re in the final countdown to CPI. I wrote up a full preview yesterday and it’s going to be a big market mover. There are two inflation numbers: headline and core and they’re measured in month-over-month and year-over-year terms. Inflation y/y +8.1% m/m +0.2% Core CPI 6.5% y/y Core m/m +0.5% A final question is
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Gold prices in the national capital rose by Rs 42 to Rs 51,255 per 10 grams on Thursday amid a rise in the prices of the precious metal in the international market, according to Securities. In the previous trade, the yellow metal had touched Rs 51,213 per 10 grams. However, silver dropped by Rs 493
The markets are generally steady in Asian session today, as traders await US consumer inflation data. FOMC minutes released overnight basically provided nothing to counter the expectation of a 75bps hike by Fed in November. Today’s data might further affirm such expectations. While Dollar is firm, it’s struggling to build up momentum except versus Yen.
Prices consumers pay for a wide variety of goods and services rose more than expected in September as inflation pressures continued to weigh on the U.S. economy. The consumer price index for the month increased 0.4% for the month, more than the 0.3% Dow Jones estimate, according to the Bureau of Labor Statistics. On a
In this article DPZ Follow your favorite stocksCREATE FREE ACCOUNT An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit. Sean Proctor | Bloomberg | Getty Images Domino’s Pizza reported revenue that topped Wall Street expectations Thursday, even though its earnings fell short of estimates. In the U.S., the company
Moderna stock jumps sharply on Wednesday, up over 8%. News of a Merck option boosts the stock. News around covid is also seen to boost Moderna’s potential. Moderna (MRNA) was one of the hot stocks of the covid era before eventually winding down as it appeared we had finally overcome the scourge of covid. Perhaps not so fast
The US CPI will be released tomorrow at 8:30 AM. Adam has put up a post outlining the fundamental expectations for that pivotal release. You can find that report HERE. In addition to know the expectations, it is important for traders to understand the bias, the potential bias shifts (i.e. from bullish to bearish or
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New Delhi: Gold prices continued to fall on Wednesday as investors looked for more clues on the pace of US monetary tightening from Federal Reserve minutes and inflation data due this week. Investors are awaiting the release of minutes from the Fed’s September meeting. Focus is also on the inflation reading due on Thursday, which
Dollar surges further in early US session against Yen, after BoJ Governor Haruhiko Kuroda dropped no hint on intervention despite today’s Yen selloff. Indeed, he noted that Yen depreciation could be could for the economy as a whole, just that speculation driven move is bad. But the greenback is actually struggling to gain against other
Wholesale prices rose more than expected in September despite Federal Reserve efforts to control inflation, according to a report Wednesday from the Bureau of Labor Statistics. The producer price index, a measure of prices that U.S. businesses get for the goods and services they produce, increased 0.4% for the month, compared with the Dow Jones
USD/CAD grinds higher as bulls await key data after three-day ruling. Oil pauses downside as Saudi Arabia defends latest OPEC+ supply cut agreement. Cautious mood, hawkish Fed bets challenge movement even as softer yields tease bears. US CPI for September can keep buyers hopeful considering upbeat Fed Minutes. USD/CAD stays defensive around 1.3820, pausing a
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The GBP is the strongest and the JPY is the weakest as the NA session begins. The Bailey comments late yesterday that the bond buying would cease on Friday, hurt the GBP but it has since moved back higher today. However, it did little to stop the selloff in UK debt which has seen the
Highlights from the European Session Newsquawks US Market Open: US equity futures trade on a firmer footing with the ES back above 3600, GBP outperforms whilst JPY lags European bourses saw a choppy start to the session, but have since titled to the upside; US equity futures trade on a firmer footing with the ES
Gold prices in the national capital fell by Rs 20 to Rs 51,155 per 10 grams on Wednesday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 51,175 per 10 grams. Silver also declined by Rs 473 to Rs 58,169 per kg from Rs 58,642 per kg. In the