Stocks tread water before ECB and US inflation data
The world stocks Chave, close to record levels, floated as traders ready for the latest interest rate decision of the European Central Bank and the new US inflation data.
High -flying technology shares removed the scholarships of Japan, Taiwan and South Korea to record the summits on Thursday, and Europe spent a fixed morning for a second waiting two -rise from the ECB after the ECB lunch.
However, and as the US consumer’s price inflation data came closely, most traders kept their dust dry.
The euro progressed to USD $ 1,1690 after an increase of 13 percent against dollars in 2025, while bond awakens have not been able to force France’s borrowing costs on Italy decisively.
Abn Amro Strategist Benoit Begoc is expected to keep the ECB’s rates widely, and whether Ajar holds the door for more deduction and has new economic forecasts for more deduction.
“I think why don’t you reduce the rates any more?” Begoc said.
“We know that we have some deflationist prints and there is no big increase in consumer trust, but what is the logic behind it?”
Before the ECB Decision and Media Conference on Thursday, the Pan-European Stoxx 600 increased by 0.3 percent, while Germany’s 10-year bond return fell to 2.65 percent-the highest level since the month.
In commodity markets, oil prices fell after more than one percent on Wednesday, when the fall of Poland’s suspicious Russian drones, Israel’s attack on Hamas leadership in Qatar, triggered new sanctions.
Secure motives away from the latest record peaks, and Bellwether Metal Copper took a breath from more than 20 percent of the rally rally, as US President Donald Trump’s trade tariffs shook global markets in April.
Wall Street futures transactions, data services giant Oracle’daki shares after a jump of 36 percent of the S&P 500 and the latest records for Nasdaq after the last records later earned.
A benign reading on US manufacturer prices, and in 2025, the chance to have a chance to deduct three interest rates from the Federal Reserve also helped.
Consumer Price Index data of August will be made on Thursday.
A Reuters survey expects the headline CPI to increase by 2.9 percent compared to the previous year, while the biggest increase since January, core precaution was probably kept by 3.1 percent.
On one night in Asia, Nikkei from Japan broke a record while skipping technology, energy and public services companies. South Korean shares increased by 0.9 percent.
In Tokyo, Softbank increased by almost 10 percent after roaring for Oracle, Stargate project partner.
This was a 36 percent, the biggest daily gain for the 48 -year -old technology giant since 1992.
In the foreign exchange, the movement has become greatly silent, the US is fighting for the direction of the dollar, and the main -six currency is a touch of a seven -week groove.
Ten -year Treasury, after the PPI data, fell four basis points on Wednesday and as a 10 -year -old auction auction, alleviated some concerns about the investor appetite for long -term US debt.
Another indicator will be the Treasury’s 30 -year -old bond on Thursday’s sale of $ 22 billion.
30 -year yield, a week ago, as 5 percent of the rate of more than 30 basis points to 2 BPS increased by 2 BPS to 4.7028 percent rose.
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