Today, investors are waiting for the release of personal consumption expenditures (PCE) data to assess inflationary pressures
Gold prices retain the overall ascending dynamics. Gold gained 0.8% within a week’s time and is demonstrating its fourth consecutive weekly growth. Investors are waiting for the Core Personal Consumption Expenditures data today. Negative statistics will increase the gold prices later on.
Oil continues to rise. At the end of Thursday, “black gold” rose by more than 5%. The market is supported by the increased demand for oil in the US and Europe on the eve of the summer season.
Macroeconomic statistics in Japan were weak. The unemployment rate in Japan rose, while the number of jobs fell in April. Japan’s economy contracted in the first quarter, and many analysts do not expect a quick recovery. In its turn, Asian stock indexes are now highly correlated with the US stock indexes. Special attention is paid to the US policy on stimulus measures from the Biden administration.
S&P 500 (F) 4,200.88 4.89 (+0.12%)
Dow Jones 34,464.64 +141.59 (+0.41%)
DAX 15,406.73 -43.99 (-0.28%)
FTSE 100 7,019.67 -7.26 (-0.10%)
USD Index 89.98 -0.06 (-0.07%)
News feed for: 2023.07.04
- US Core PCE Price Index (m/m) at 15:30 (GMT+3).
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
