Day: July 13, 2021

Stocks Retreat As Inflation Exceeds Expectations

U.S. has just released Inflation Rate and Core Inflation Rate reports for June. Inflation Rate grew by 0.9% month-over-month in June compared to analyst consensus which called for growth of just 0.5%. On a year-over-year basis, Inflation Rate increased by 5.4% compared to analyst consensus of 4.9%. Core Inflation also exceeded analyst expectations, increasing by …

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Upbeat market mood weighs on dollar ahead of critical inflation figures, Delta eyed

The market mood is relatively upbeat, with the dollar edging lower and other assets rising ahead of the release of US inflation figures. Concerns about the Delta variant persist, especially as cases rise in the US. Cryptocurrencies remain on low ground. US stock indexes hit a record high once again on Monday. US 10-year Treasury …

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