On Thursday the 12th of October, the BLS is set to release the latest US inflation print, representing the month of September.
Here are some views on what to expect.
For CPI
Stocks extended their recovery from oversold levels as traders ignored a higher-than-expected inflation reading in order to focus on less hawkish remarks from Federal Reserve speakers. After a strong start
Good Morning Traders.
It is Wednesday the 11th of October and here is what to look out for today.
Sentiment
The dollar was little changed this morning, while Treasury yields tumbled as escalating
- US Treasuries rose, leading European bonds higher, as investors sought safe havens in the Middle East.
- The 10-Yr Treasury yield fell 10 basis points after Israel increased air strikes
- After traders reduced their bets on Federal Reserve rate increases, Asian markets increased to keep pace with Wall Street, with gains being fueled by anticipation of additional Chinese stimulus.
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