Markets serene but sensitive ahead of key US data
STOXX 600 little changed
BT shares up on Drahi stake sale
Volatility ebbs
Wall St futures edge up
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
MARKETS SERENE BUT SENSITIVE AHEAD OF KEY US DATA
A calm feeling has descended upon markets, in stark contrast to one week ago, when the yen carry trade unwinding and U.S. recession fears spurred a massive sell-off.
But the calm feeling might not last. Data releases this week are significant and have the power to disturb the peace.
Mark Haefele, global wealth management CIO at UBS warns that volatility could return following the release of U.S. inflation data for July.
"If inflation is too low this may heighten concerns that the US may be heading for a
recession," says Haefele.
"If inflation is too high, it could encourage fears that the Fed may be unable to cut rates quickly enough to protect the economy."
The CPI print will hit screens on Wednesday at 1230 GMT.
BofA economists expect core inflation to be unchanged at 3.3% year-on-year.
"... it should meet the Fed's benchmark for beginning rate cuts in September," they say.
The Fed meets on Sept 17-18.
The inflation data comes nestled between two other key U.S. data releases, namely PPI on Tuesday and weekly jobless claims figures on Thursday.
Rabobank analysts say markets are expected to remain particularly sensitive to fresh hints around labour market conditions across the Atlantic.
"Those weekly claims numbers are generally considered to be second-tier data, but they have taken on increased importance since the release of the July non-farm payrolls report the Friday before last," they explain in a note.
(Lucy Raitano)
*****
FOR MONDAY'S OTHER LIVE MARKETS POSTS:
SUMMERTIME SADNESS CLICK HERE
SMOOTH SAILING CLICK HERE
FUTURES IN THE GREEN CLICK HERE
MARKETS SHIFT TO HOLIDAY MOODCLICK HERE
European equities steadily higher https://reut.rs/3yMqn6S
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
