• Financial Market Preview - Wednesday 10-Jul

  • Jul 10 2024
  • Duración: 4 m
  • Podcast

Financial Market Preview - Wednesday 10-Jul Por arte de portada

Financial Market Preview - Wednesday 10-Jul

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  • Resumen

  • S&P futures are indicating a higher open, +0.08% as the market awaits for tomorrow's CPI data. Sentiments are improving, after Fed Chair Powell's remarks kept the possibility of a September rate cut in play. The primary macro story today is China's June CPI inflation, which unexpectedly softened amid weak domestic demand. China's CPI inflation rose by +0.2% y/y in June, below the consensus of +0.4%, driven mainly by falling food prices, especially fresh fruits and vegetables. Core inflation remained steady at +0.6%. The PPI fell by (0.8%) y/y, in line with expectations, showing easing declines in upstream prices.

    Companies mentioned: RTX Corp, Eversource Energy, MarineMax, OpenAI, Microsoft
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