U.S. PPI Inflation Accelerated, U.S. Consumer Sentiment and Inflation Expectations Lowered, U.S. Indices Jumped, Bitcoin Corrected Significantly, Trump Avoided Getting Shot

Previous Trading Days Events 12.07.2024 U.S. producer prices increased slightly more than expected in June amid a rise in the cost of services, but that did not change expectations that the Federal Reserve could start cutting interest rates in September. There does not appear to be much inflation pressure percolating on the factory floors that […]
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Indias TCS Jumps after Q1 Results Indicate Worst is Over

BENGALURU, July 12 Reuters Tata Consultancy Services39; shares gained nearly 3 on Friday, a day after India39;s top IT services firm reported firstquarter results that signalled early signs of revival for a sector that has been grappling with sluggish demand. The gains pushed the IT index up 3.4, its highest level since January 2022. With a return […]
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Yen Keeps Markets on Edge, Data Points to BOJ Intervention

LONDON, July 12 Reuters The yen steadied on Friday, a day after the Bank of Japan likely intervened to prop up the currency, on the coattails of an unexpected drop in U.S. consumer prices that fuelled the largest drop in the dollar since May. The Japanese currency , which has been languishing around 38year lows, strengthened rapidly […]
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U.S. Inflation Surprise Dropped to 3, Massive USD Weakening, JPY Strengthened, Gold Jumped, Crude Oil Stable, U.S. Indices Plunged

Previous Trading Days Events 11.07.2024 The U.S. consumer prices fell for the first time in four years in June drawing the Federal Reserve another step closer to cutting interest rates in September. The lowerthanexpected CPI inflation reading helped boost confidence among officials at the U.S. central bank that inflation is cooling after surging in the […]
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