Highlights
A surprisingly benign reading on inflation in this morning's US producer price index report is in focus after the headline figure comes in at 0.5 percent on the month, well below the 1.2 percent Econoday consensus. Ex-food & energy, it's even better at 0.1 percent versus 0.5 percent expected.
The better than expected inflation report suggests a lot less inflation in the pipeline than feared. though of course much hinges on how long the Iran conflict continues and the disposition of the Strait of Hormuz and the impact on energy prices. On that score, investors are watching closely reports as Iran and the US appear to be deeply engaged in talks that markets expect to end the conflict. So, looking for a risk-on kind of day.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.