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Cooler inflation buys the Dow Jones Industrial Average nothing

The July Consumer Price Index (CPI) landed at 12:30 GMT on every line the consensus had written for it, and the Dow Jones Industrial Average (DJIA) has spent the hours since handing back the few minutes of enthusiasm th…

7 min read

Japanese Yen pares gains against US Dollar as markets digest US CPI

The Japanese Yen trims its gains against the US Dollar (USD) on Wednesday as in-line US CPI data fails to trigger a significant move. At the time of writing, USD/JPY trades around 159.20 after touching an intraday low o…

3 min read

Oil: Tightening supply supports elevated prices – BNY

BNY notes Crude Oil prices remain elevated as doubts over a US–Iran deal heighten supply concerns. The International Energy Agency (IEA) reports global Oil markets tightened further in July, with demand, supply, refinin…

1 min read

Stocks Settle Lower Ahead of Wednesday’s CPI Report

The S&P 500 Index ($SPX) (SPY) closed down -0.32% on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.33%. September E-mini S&P futures (E…

7 min read

Euro: Soft US CPI could support gains against US Dollar – ING

Chris Turner at ING notes EUR/USD remains lacklustre despite better Eurozone data and upside surprises, as high European natural gas prices and Gulf tensions weigh on the Euro. He argues that a soft US CPI print could a…

1 min read

Another AI lab is burning through cash as Tencent earnings rise

Two very different pictures of China’s artificial intelligence race are coming into focus at the same time. Tencent, the roughly $500 billion conglomerate behind WeChat and one of the world’s largest gaming businesses, …

6 min read

Sterling today: Pound edges higher as dollar waits on CPI verdict

The British pound edged higher against the US dollar in early trading on Monday, as currency markets braced for the latest US Consumer Price Index (CPI) report that could shape the Federal Reserve’s next policy move. As…

3 min read