Market Minutes

US producer inflation cooler than expected In July

U.S. inflation pressure softens with a modest PPI increase, while the UK sees an unexpected drop in unemployment

A quiet market session anticipates major central bank meetings and key economic data releases later this week.

Core PCE prices and real consumer spending both increased by 0.2%

The US economy grew 2.8% in Q2 2024, surpassing the 2.0% forecast, with strong consumer spending and investment.

Gold trading near a multi-day low around the $2,420 mark, driven by a stronger US Dollar and profit-taking following a recent rally.

Markets anticipate the Fed will begin rate cuts in September, keeping US Treasury bond yields at multi-month lows.

BoE’s Swati Dhingra urges immediate interest rate normalization, citing weak UK demand and stable inflation

U.S. inflation hit a year-low at 3% in June, spurring rate cut expectations

Output contraction hitting a year-to-date high and declines seen across new orders, purchasing activity, and employment

The U.S. dollar climbed to a peak of 160.82 yen, the highest since December 1986 while gold prices fell below $2,300.

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