empty
10.08.2023 01:54 PM
US premarket for August 10: Stock market holds steady ahead of inflation data

US stock index futures kicked off the day with gains. S&P 500 futures rose by 0.3%, while NASDAQ gained 0.4%. Stoxx Europe 600 saw a 0.3% jump. France's CAC40 surged by 1% following China's travel restrictions lifted.

This image is no longer relevant

Clearly, market sentiment remains positive as investors anticipate key US inflation data. This information could provide insights into the Federal Reserve's next moves. The US Consumer Price Index report holds significant weight for investors gauging the possibility of a halt in interest rate hikes by the Fed. Projections suggest the data might signal a second consecutive decrease in core inflation, still far from the Fed's 2% target. Economists foresee a mere 0.2% growth in the core Consumer Price Index in July, following a similar increase in June.

Meanwhile, a higher-than-expected reading will likely trigger short-term volatility in stocks and bonds, intensifying pressure on stock indices. However, many economists predict this will not significantly alter expectations regarding the peak of interest rates by the Fed. This is because various indicators suggest economic disinflation, a point underscored by Fed officials this week. They believe the interest rate might be near its peak but have not ruled out a final quarter-point increase.

The catalyst for this scenario would be inflation. Recent sharp surges in energy prices could negatively impact the overall indicator, which economists estimate will grow by 0.3% in July compared to the previous month. Commodities have rebounded notably after a first-half dip. Crude is trading near its nine-month high, with West Texas Intermediate futures surpassing $84 per barrel after a 3% growth over the past two sessions.

China's Ministry of Culture and Tourism announced the lifting of group travel bans to countries like the US, UK, Australia, South Korea, and Japan. According to Goldman Sachs Group Inc.'s latest estimates, Chinese buyers account for around 25% of luxury goods purchases in Europe, including those made by tourists.

This image is no longer relevant

Meanwhile, treasury bonds remained stable, yielding 4% for the 10-year bonds. The latest major US Treasury bond auction by the Fed is scheduled for later this week, featuring 30-year notes. Despite recent concerns of investor resistance, demand for debt has remained high.

As for the S&P 500 index, demand for the trading instrument has returned, but trading remains within a sideways channel. Bulls have a chance to extend the uptrend, but they need to climb back above $4,515. This move could propel the index to $4,539. Another key target for bulls is maintaining control above $4,557, solidifying their market position. In the event of downward movement due to a decrease in risk appetite, bulls should protect $4,488. A breakthrough would swiftly send the trading tool back to $4,469, paving the way to $4,447.

Jakub Novak,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Mercado dos EUA se recupera com o Fed mantendo as taxas estáveis

S&P500 O mercado dos EUA se recuperou após a decisão do Fed de manter as taxas de juros inalteradas. Principais índices dos EUA na quarta-feira: Dow: +0,9%, NASDAQ: +1,4%, S&P

Jozef Kovach 16:17 2025-03-20 UTC+2

Previsão para o S&P 500 para 20 de março de 2025

O S&P 500 teve uma sessão positiva de negociação ontem e iniciou o dia de hoje com uma forte performance. No entanto, toda a alta desde 14 de março ainda

Laurie Bailey 15:38 2025-03-20 UTC+2

Mercado acionário dos EUA em 20 de março: S&P 500 e Nasdaq recuperam sua posição

Os índices de ações dos EUA encerraram o dia com sólidos ganhos. O S&P 500 subiu 1,1% e o Nasdaq 100 fechou em alta de 1,41%. No momento, os futuros

Jakub Novak 15:14 2025-03-20 UTC+2

Visão geral do mercado dos EUA: recuo após crescimento. Foco no Fed. Não se espera nenhuma mudança na taxa

S&P 500 Visão geral do mercado em 19 de março Mercado dos EUA: Recuo. Consolidação. Foco no Fed. Principais índices dos EUA na terça-feira: Dow -0,6%, NASDAQ -1,7%, S&P

Jozef Kovach 14:47 2025-03-19 UTC+2

Mercado de ações dos EUA: dois dias de ganhos a partir dos níveis de suporte

S&P500 Mercado acionário dos EUA: dois dias de ganhos a partir dos níveis de suporte Instantâneo dos principais índices dos EUA na segunda-feira: Dow Jones: +0.9% NASDAQ: +0.3% S&P

Jozef Kovach 16:20 2025-03-18 UTC+2

Visão geral do mercado de ações em 18 de março: S&P 500 e Nasdaq sobem pelo segundo dia

Os índices de ações dos EUA encerraram o pregão de ontem em alta. O S&P 500 avançou 0,64%, enquanto o Nasdaq 100 subiu 0,31%. Na Ásia, os mercados também registraram

Jakub Novak 14:14 2025-03-18 UTC+2

Análise do mercado de ações em 17 de março: S&P 500 e Nasdaq permanecem sob pressão

Os futuros dos índices de ações dos EUA caíram depois que o secretário do Tesouro, Scott Bessent, classificou a recente queda do mercado como "favorável", reforçando as expectativas

Jakub Novak 15:44 2025-03-17 UTC+2

Mercado dos EUA: forte suporte formado para o S&P 500

S&P 500 Análise do mercado em 17 de março Mercado dos EUA: forte suporte formado para o S&P 500 Principais índices dos EUA na sexta-feira: Dow +1,7%, Nasdaq +2,6%, S&P

Jozef Kovach 13:49 2025-03-17 UTC+2

Donald Trump está apenas começando

A estrutura das ondas no gráfico de 24 horas do #SPX parece relativamente clara. A primeira observação importante é a formação global de cinco ondas, tão extensa que nem cabe

Chin Zhao 17:17 2025-03-14 UTC+2

Mercado de ações dos EUA: NASDAQ e SP500 passam por correção, 10% abaixo de seus máximos históricos

S&P500 Atualização do mercado em 14 de março Instantâneo dos índices acionários de referência dos EUA na quinta-feira: Dow -1.3%, NASDAQ -2%, S&P 500 -1.4%, S&P 500 at 5,521, faixa

Jozef Kovach 16:51 2025-03-14 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.