Hot CPI lifts dollar and yields; stocks show mixed moves
US CPI ran hotter than expected, sending yields up and the dollar higher while equities were mixed.
US CPI ran hotter than expected, sending yields up and the dollar higher while equities were mixed.
S&P 500 futures fall after hot CPI, breaking a rising channel and threatening the prior breakout line.
October Fed meeting stakes rise after hot CPI; two-year yield jumps 15 bps, futures price a 50/50 hike chance. Key Fed speeches loom before the blackout period.
Traders await the US September CPI. The dollar is trading mixed, crude oil has climbed to $95.91, and Treasury yields are lower ahead of the data.
Fed's Williams expects one more hike, but traders see 93% chance of higher rates boosting dollar pressure on Bitcoin. A softer CPI reading may cool…
European equities posted modest gains at the open as investors focus on the upcoming US CPI report.
Spain's September CPI was confirmed at 4.9%, with core inflation rising to 3.1%, adding pressure on the ECB.
German wholesale prices rose 1.9% month-on-month in September, pushing the annual rate to 8.7%, the highest since February 2023.
Gold is testing the $4,200-$4,220 region as traders await the US CPI report, which could determine whether buyers can reclaim overhead resistance.
US CPI report due today may show high headline inflation but core relief, with bond market reaction central to Fed rate hike expectations.
Lagarde said the ECB sees no second-round effects yet but will act on early signs rather than wait for proof.
Goldman Sachs sees the RBA minutes as hawkish and says they lower the bar for a November hike; it still expects the cash rate to stay at 4.60%.
Firmus Grid canceled its $5B Australian IPO, and AirTrunk delayed its listing, as rising rates and political opposition cool AI data centre investor appetite.
China's September CPI rose 0.9% from a year earlier, below the 1.0% expected, while PPI gained 5% y/y, above forecasts.
ANZ believes the MAS may tighten again in 2027 if inflation risks materialise, viewing the recent hold as a pause in the tightening cycle.