Investors await the release next Wednesday of US CPI data, which will mark the Federal Reserve (Fed)’s next move
Transition day for global equity markets, with investors already waiting for the week’s key reference, the US CPI, to be announced in Wednesday’s session. With hardly any other macro or business references, the Ibex-35 remains practically just above 8,200 points, with Sacyr, Repsol and ACS at the top of the list.
Geopolitical tensions are receding and the market is focused on price developments that will mark the future of central bank monetary policy. According to estimates, and after rising to 9.1% in June at a 40-year high, US inflation could have fallen below 9% in July, although all focus will be on the underlying data, which expected to rise to 6.1% .
“The impact of the drop in fuel prices (now 35% below the June high), the ISM manufacturing price index and US job openings data showed signs that underlying price pressures may be beginning to lift. and that tight labor markets may begin to ease.
As for commodities, the price of a Brent-type barrel traded this Tuesday with gains bringing it back closer to $98, while US West Texas recovered $91.7. However, both prices are still a long way from peaks of more than $120 throughout the year.
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
