Markets today: Stocks climb after PPI as Starbucks surges 20%

A Wall Street street sign in front of the New York Stock Exchange in New York, US, on Wednesday, July 31, 2024. --

To Ian Lyngen at BMO Capital Markets, there isn’t anything in the latest inflation data that would suggest the Fed will have any hesitation cutting rates next month. The producer price index for final demand increased 0.1 per cent from a month earlier. The median forecast in a Bloomberg survey of economists called for a 0.2 per cent gain. Compared with a year ago, the PPI rose 2.2 per cent. Excluding the volatile food and energy categories, it was unchanged in July from the prior month — the tamest reading in four months.

David Russell at TradeStation says PPI data gave gives further evidence that the tide has turned on inflation, especially in services. Bank of America Corp. clients were net buyers of U.S. equities for the first time in more than a month last week, snapping up shares during the rout and subsequent recovery.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Markets today: Stocks climb as jobs data quell economic jittersStocks rose and bonds fell after the latest labour-market reading helped ease fears about a more pronounced economic slowdown.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Markets today: Stocks climb around the world on dovish BOJ signalStocks climbed around the globe and bonds fell after the Bank of Japan moved to reassure markets in the wake of historic volatility sparked in part by the Asian nation’s unexpected rate hike last week.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Markets today: Stocks edge higher in run-up to U.S. inflation dataStocks edged higher as traders awaited inflation data that will help shape the outlook for the U.S. Federal Reserve’s next steps.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Markets today: Stocks end week with a whimper after days of dramaStocks struggled to gain much traction at the end of a wild week as traders remained cautious after a historic surge in volatility that roiled markets around the world.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »