Soft PPI data makes these three chip stocks worth buying
July producer prices (PPI) came in flat month-over-month, lower than a 0.2% increase economists had forecast. The reading pulled the probability of a Fed rate hike in September down significantly, driving the benchmark S&P 500 index to a record close near 7,799 while the Nasdaq gained 0.8%.
Spot gold at $4,387/oz after July PPI posts flat 0.0%, core PPI up 0.2%
The gold market is holding steady after the latest data shows U.S. producers saw easing price pressures on balance last month.The headline Producer Price Index (PPI) posted a flat 0.0% in July, following June's unrevised -0.3% drop, the U.S. Labor Department announced on Thursday. The latest headline data was lower than expectations, as economists looked for a 0.2% increase.
PPI Slides in June on Lower Oil Prices, Q2 Results Continue
Year over year wholesale inflation pulls back to +5.5%, 100 bps lower than last month's initial print.
Gold steadies above $4,000 as PPI cools, yields rise - Kitco AM Report
Spot gold prices are modestly higher and spot silver prices are weaker ahead of the North American market open Wednesday, as a softer U.S. inflation mix supported precious metals while renewed Strait of Hormuz tension kept crude oil prices and Treasury yields elevated.
S&P500: PPI Today Holds the Key After Soft CPI Lifts US Stocks
US stock futures rise after soft CPI boosted rate cut hopes. See why today's PPI report, earnings and Treasury yields could decide the next move for US stocks.
May Headline PPI Data Highest Since November 2022
May Headline PPI Data Highest Since November 2022.
PPI Inflation +6.5% YoY: More Questions than Answers
New wholesale inflation numbers have reached their highest levels since March and November of 2022, respectively.
Spot gold at $4,062/oz after U.S. May PPI rises 1.1%, core PPI up 0.4%
The gold market is approaching its earlier lows after the latest data shows U.S. producers saw mixed price pressures last month.The headline Producer Price Index (PPI) rose 1.1% in May, following April's downwardly revised 1.1% rise, the U.S. Labor Department announced on Thursday. The latest inflation data was higher than expectations, as economists looked for a 0.7% increase.
Gold and silver slip after hot PPI boosts yields - Kitco AM Report
Articles by Kitco NewsWire were generated by Kitco's AI-assisted reporting workflow and reviewed by Kitco News editorial staff, with every claim independently verified before publication.
March Headline PPI Highest in Three Years
March Headline PPI Highest in Three Years.
PPI Wholesale Inflation Highest in 3 Years
+4.0% on headline PPI year over year is a big jump of +60 bps month over month on final demand.
Gold price catches a bid as U.S. PPI rises 0.5% in March
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
