Tamer-Than-Expected Inflation Data May Lead To Extended Rally On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 11 July 2024 09:04:12 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to see further upside following the rally seen over the course of the previous session. The futures turned positive following the release of a highly anticipated Labor Department report showing consumer prices in the U.S. unexpectedly edged slightly lower in the month of June. The Labor Department said its consumer price index slipped by 0.1 percent in June after coming in unchanged in May. Economists had expected consumer prices to inch up by 0.1 percent. The unexpected dip by consumer prices came as another steep drop by gasoline prices more than offset a continued increase in shelter costs. Excluding food and energy prices, core consumer prices crept up by 0.1 percent in June after rising by 0.2 percent in May. Core prices were expected to increase by another 0.2 percent. The report also said the annual rate of consumer price growth slowed to ... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports Consumer prices in the U.S. unexpectedly edged slightly lower in the month of June, according to a highly anticipated report released by the Labor Department on Thursday. The Labor Department said its consumer price index slipped by 0.1 percent in June after coming in unchanged in May. Economists had expected consumer prices to inch up by 0.1 percent. Excluding food and energy prices, core consumer prices crept up by 0.1 percent in June after rising by 0.2 percent in May. Core prices were expected to increase by another 0.2 percent. The report ... [Read More]( --------------------------------------------------------------- Europe European stocks have advanced on Thursday, with underlying sentiment supported by encouraging economic data from Germany and U.K. as well as expectations of a Federal Reserve rate cut in September. Federal Reserve Chair Jerome Powell reiterated on Wednesday that the U.S. job market is cooling and that the central bank will act ?when and as? needed regardless of political factors. Closer to home, soft inflation data from Germany left the door open for another European Central Bank rate cut in September. The consumer price index ... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Asia Asian stocks hit record highs on Thursday after Federal Reserve Chair Jerome Powell said the U.S. central bank will make interest rate decisions "when and as" they are needed, regardless of political factors. Amid rising hopes for a September rate cut, investors awaited the release of the U.S. CPI report later in the day for further direction. Economists forecast annual U.S. CPI growth slowed to 3.1 percent in June from 3.3 percent in May. Bonds and the dollar were broadly steady in Asian trading and gold ticked higher, while oil extended gains after ... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are climbing $0.44 to $82.54 a barrel after advancing $0.69 to $82.10 a barrel on Wednesday. Meanwhil... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49