Monthly Archives: August 2024
Quiet Before the Storm?Markets Poised for a Relaxed Week
Written on August 16, 2024 at 2:55 am, by pumarketings
Tuesday, 20 August 2024, 14:30 – Canada CPI (YoY) (Jul) For June 2024, Canada’s CPI rose by 2.7% year-over-year, down from 2.9% previously. This decrease in core inflation is driven by a combination of slower economic growth and moderated wage growth, even with a strong labor market. With the current monetary policy and expectations ofContinue Reading
Wall Street Rally on Soft CPI
Written on August 15, 2024 at 5:18 am, by pumarketings
Market Summary The most anticipated economic indicator of the week, the U.S. Consumer Price Index (CPI), was released yesterday, coming in at 2.9%, below the 3% threshold and in line with the Producer Price Index (PPI) data from the previous day. This further sign of easing inflationary pressure in the U.S. has heightened expectations thatContinue Reading
Dollar Eases On Soft PPI Reading
Written on August 14, 2024 at 4:58 am, by pumarketings
Market Summary Market risk appetite improved following the release of U.S. Producer Price Index (PPI) data, which came in lower than expected at 0.1%, below both the market consensus and the previous reading. This softer inflation figure suggests that inflationary pressures in the U.S. may be easing, prompting markets to increase their expectations for aContinue Reading
