Movers and shakers!
By John Thorpe, Senior Broker
Today’s News:
US Producer Price Index (PPI) Headline Recap
**US July Producer Price Index (PPI) Final Demand: +0.1%; expected +0.2%
**US July Producer Price Index, ex. Food & Energy (PPI): 0.0%; expected +0.2%
**US July Personal Consumption: 0.0%
**US June PPI Final Demand unrevised: +0.2% from +0.2%
Redbook Weekly US Retail Sales Headline Recap
**Redbook Weekly US Retail Sales were +4.7% in the first week of August 2024 vs August 2023
**Redbook Weekly US Retail Sales were +4.7% in the week ending August 10 vs yr ago week
Atlanta Fed President Bostic
Atlanta Fed President Bostic: has gained more confidence with recent inflation data, but wants to see a little bit more data
Watch Tomorrow:
US July consumer price index (CPI) data is forecast by analysts up +0.2% month-to-month, which compares to the previous month’s -0.1%. Core CPI on monthly terms is expected +0.2% in July compared to the prior month’s +0.1%. The data will be released at 7:30 am CT Wednesday morning. CPI on annualized terms is forecast up +3.0% from the year ago month, the core year-over-year figure is expected up +3.2%.
Earnings:
CISCO after the close.
Check times below for econ data
Daily Levels for August 14th, 2024
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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.