Greenback drops as US inflation clues, employment data keep pushing back hawkish Fed bets.S&P 500 Futures remain lackluster, US Treasury bond yields retreat ahead of US consumer-centric statistics.
While portraying the mood, the S&P 500 Futures make rounds to 4,170-75 after rising the most in the current month whereas the US 10-year and two-year Treasury bond yields fade the previous day’s corrective bounce by retreating to 3.44% and 3.96% in that order. It should be noted that Wall Street closed with notable gains the previous day whereas theIndex prods the lowest level of 2023 marked in February as the greenback bears attack the 100.80 level, around 100.90 by the press time.
That said, the US Producer Price Index for March dropped to a four-month low of -0.5% MoM versus 0.0% expected and prior whereas the PPI YoY also declined to 2.7% from 4.9% previous readouts, versus market forecasts of 3.0%. Previously, the Consumer Price Index , dropped to the lowest level since May 2021, to 5.0% YoY in March from 6.0% prior and versus 5.2% market forecasts. However, the annual Core CPI, namely the CPI ex Food & Energy, improved to 5.
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La source: WSJ - 🏆 98. / 63 Lire la suite »