US, PPI inflation for July:
- Headline Annual. Actual: 0.8% YoY. Expected: 0.7% YoY. Previous: 0.1% YoY
- Core Annual. Actual: 2.4% YoY. Expected: 2.3% YoY. Previous: 2.4% YoY
- Headline Monthly: 0.3% MoM. Expected: 0.2% MoM. Previous: 0.1% MoM
- Core Monthly: 0.3% MoM. Expected: 0.2% MoM. Previous: 0.1% MoM
In July, the U.S. Bureau of Labor Statistics reported a 0.3% seasonally adjusted rise in the Producer Price Index for final demand, following unchanged prices in June and a 0.3% decline in May. Over 12 months, the index advanced 0.8%. This increase was influenced by a 0.5% surge in final demand services and a marginal 0.1% rise in final demand goods. Notably, 40% of the boost in final demand services was due to a 7.6% spike in portfolio management prices. The index for final demand services saw its largest uptick since August 2022, while the price of meats within final demand goods jumped by 5.0%. However, prices for diesel fuel dropped significantly by 7.1%.
EURUSD, M15, source xStation 5
Politics batter the UK bond market once more, as Starmer remains under pressure
Market wrap: Novo Nordisk jumps more than 7% 🚀
Takaichi’s party wins elections in Japan – a return of debt concerns? 💰✂️
Economic calendar: Delayed labour market data the key report of the week 🔎
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
