Producer Inflation Tumbles–And Wall Street Sets New Record Highs

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The fall in the US producer price index has reignited expectations for a Fed rate cut, with Wall Street moving to new highs and bond yields falling - The next key milestone is the CPI index on Thursday

El Financiero

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The equity markets operate with a positive bias, as they assimilate the inflation data to the producer in the United States, which reported an unexpected decrease during August.On Wall Street, the Dow Jones is the only one that records a fall of 0.66 percent, in the 45,000 411.12 integers, while the increases are 0.52 percent for the S&P 500, with 6,546.71 points, while the Nasdaq with 0.48 percent more, around 21,982.43 units.According to analy…

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The Mexican peso was appreciated on Wednesday for the fourth consecutive day, while investors assimilated a report in the United States that showed that producer prices dropped unexpectedly in August. The BMV advanced to new historical peaks The exchange rate quoted at 18.59 per dollar, with a gain of 0.19% compared to 18.63 units of the LSEG reference price on Tuesday. In the last four sessions it accumulated a return of 0.67%. The Price Index …

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Global markets continue to rise on Wednesday, driven by a favorable environment in the inflationary data of the United States and the solid performance of big technology. See more: The Fed will open the way for tax cuts in Brazil, Mexico and Colombia, says BofAThe key data of the day was the publication of the producer price index (PPI) in the United States, which fell 0.1% monthly in August, below market expectations. According to GBM, “these d…

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MARKET REVIEW. The Toronto Stock Exchange has opened up. The post Stock Exchange: Wall Street sees with a good eye the decline in producer-side inflation appeared first on Les Affaires.