Previous Trading Days Events 14.03.2024

According to the reports for PPI and Retail Sales in the U.S., Producer prices experienced a jump and retail sales were reported to grow. The U.S. stocks dropped chipmaker stocks extending losses for a second day as expectations that the Federal Reserve might wait longer than expected to cut interest rates are formed.

The Fed is expected to leave rates unchanged at its policy meeting next week.

If we take inflation as a whole, weve had relatively hot inflation readings the last two months now, yet the market has kind of powered higher, said Tony Welch, chief investment officer of SignatureFD.

Nvidia shares fell 3.2, while an index of semiconductors was down 1.8.

Theres nervousness about the market being very extended with a relatively narrow breadth. You can see the anxiety from the hotter PPI expressed in the Russell index of small and midcap names, said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.

Source httpswww.reuters.commarketsusfuturesriserunupinflationfiguresretailsalesdata20240314

Winners vs Losers

Silver XAGUSD takes the lead as it moved greatly to the upside yesterday marking a 2.75 gain for the week and a 10.6 gain this month. Gold remains stable and the dollar has strengthened with higherthanexpected PPI data.

News Reports Monitor Previous Trading Day 14 Mar 2024

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