Friday night will continue the weekend market! Tonight, three data points to focus on❗️❗️❗️
1. The expected value of the annual rate of PPI in the United States in June is 0.1% higher than the previous value, and the monthly rate is 0.3% higher, which indicates that the producer price index has increased, but the CPI in May and June is on a downward trend, indicating that the operating costs of enterprises are further under pressure; if the announced value is in line with expectations or significantly higher than the expected value, then this article is bearish for US stocks, and the small gap is positive for a little interest rate cut. If the gap exceeds this month's CPI, it will definitely rebound, which will become a negative for the probability of a rate cut in September!
2. The one-year inflation rate in July is 0.1% lower than the previous value, which is in line with expectations or lower than the expected value, which is a positive for a rate cut!
3. The consumer confidence index is 0.3% higher than the previous value, indicating that consumers' income and expenditure are gradually balanced, and their confidence in the economy is gradually increasing. If this must be counted as a negative or positive, it is a positive for maintaining the interest rate unchanged!
