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Market Data

The CPI Surprise Looks Worse Than the Inflation Trend

Headline inflation edged higher in September, reaching 2.4% year-over-year, up from 1.9% in August, slightly exceeding our expectations for a 2.3% reading. The acceleration was concentrated in a small…

Fed Rate Hike Looks Locked In After Hot CPI

Gold is building on the previous recovery from one-week lows near $4,350 early Thursday, stretching beyond $4,400. Gold buyers now look forward to the US Producer Price Index (PPI) and Consumer Price …

US Debt Trap: A Crisis Without a Calendar

With a pin of Javier Milei’s signature chainsaw affixed to her jacket, Managing Director of the International Monetary Fund Kristalina Georgieva threw her support behind Argentina’s new administration…

Alstom to build new battery-electric train fleet

Work to create the UK's first battery-electric trains for long-distance main line services is set to begin in 2028, the Department for Transport (DfT) has announced.

ECB Remains Focused on the Here and Now

At the turn of the year 2025-26, economic growth surprised on the upside while financial market sentiment remained strong despite high uncertainty. The war in the Middle East is now putting this resil…

U.S. producer prices rise by 0.4% month-on-month in August

The U.S. Labor Department's August Producer Price Index (PPI) release is the primary focus for New York equity markets on Sept. 10. The prior session saw rising U.S. Treasury yields and surging oil pr…

JP Morgan: Toto, I Don’t Think It’s the Fed Anymore

The upward march in bond yields continues to drive the market narrative. But the logic has shifted. The initial move began in the early summer with a Federal Reserve that investors initially perceived…