US inflation data to set the tone for markets this weekGold eases to start the week, traders await US tariffs clarificationOf soybeans and trade dealsItaly July final HICP +1.7% vs +1.7% preliminarySNB total sight deposits w.e. 8 August CHF 465.9 bn vs CHF 468.5 bn priorBofA FMS: Trade war remains biggest tail risk (29%) followed by inflation (27%)Citi’s top options strategist warns! ‘Downside to equity markets over the next 3 months’Citi bumps up S&P 500 year-end target to 6,600
Markets:
USD leads, NZD lags on the dayEuropean equities mixed; S&P 500 futures up 0.2%US 10-year yields down 1.6 bps to 4.267%Gold down 1.3% to $3,352.64WTI crude up 0.5% to $64.19Bitcoin up 0.9% to $120,382In FX, the dollar is keeping steadier across the board even as it keeps more vulnerable after the declines last week. Major currencies lacked appetite, with the broader risk mood also keeping more tentative at best.
In the equities space, it's all quiet with European indices looking sluggish and US futures also keeping little changed for the most part. It's all going to ride on the US inflation numbers tomorrow for Wall Street.
Besides that, we have gold slipping to start the week as traders continue to wait on US tariffs clarification. The spread between COMEX futures and LME futures have collapsed back and that's pinning the precious metal down to start the new week. Spot gold is down 1.3% to $3,352 currently.
This article was written by Justin Low at investinglive.com.Hence then, the article about investinglive european markets wrap dollar steady gold slips markets wait on us cpi was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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