The US CPI for July, put to the test: what the market expects today.
Analyst consensus expects headline inflation in the United States to come in at 3.4% year-on-year in July, one tenth below the 3.5% recorded in June, when the Department of Labor publishes the data at 14:30 CET this Wednesday. Global stock markets head into the event with the European session still to open, and Asian markets have already shown weakness in the previous trading day.
Global stock markets have a top-tier catalyst in today’s data: a jump in US inflation typically pulls up global long-term yields and compresses valuation multiples for the banking and discretionary consumption sectors worldwide, while a benign reading would give breathing room to the indexes trading near recent highs.$NVDAB
Analyst consensus expects headline inflation in the United States to come in at 3.4% year-on-year in July, one tenth below the 3.5% recorded in June, when the Department of Labor publishes the data at 14:30 CET this Wednesday. Global stock markets head into the event with the European session still to open, and Asian markets have already shown weakness in the previous trading day.
Global stock markets have a top-tier catalyst in today’s data: a jump in US inflation typically pulls up global long-term yields and compresses valuation multiples for the banking and discretionary consumption sectors worldwide, while a benign reading would give breathing room to the indexes trading near recent highs.$NVDAB