U.S. stock futures muted after mixed PPI
U.S. equity index futures little changed
Sep PPI MM < est, YY > est; Ex-food/energy MM in-line with est, YY > est
Euro STOXX 600 index up ~0.2%
Dollar ~flat; gold up; bitcoin up >2%; crude declines ~1%
U.S. 10-Year Treasury yield edges up to ~4.10%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
U.S. STOCK FUTURES MUTED AFTER MIXED PPI
U.S. equity index futures are little changed after the release of the latest data on U.S. producer prices. E-mini S&P 500 futures EScv1 are roughly flat, which is where they were just before the numbers came out.
The September headline PPI reading on a month-over-month basis was below the estimate, while on a year-over-year basis it was hotter than expected. The month-over-month ex-food/energy read was in-line with the estimate. The year-over-year ex-food/energy print was above the Reuters Poll:
According to the CME's FedWatch Tool, the probability that the FOMC cuts rates 25 basis points at its November 6-7 policy meeting has ticked up to 85% from 84% just before the data came out. There is now around an 15% chance the Fed leaves rates unchanged vs 16% just before the numbers were released.
Looking forward to the December meeting, there is still a strong bias for rates to be in the 4.25%-4.50% area vs the current target rate of 4.75%-5.00%. However, conviction in that outcome has dipped to around 77% from 85% just before the data came out.
The U.S. 10-Year Treasury yield US10YT=RR is now around 4.10% vs 4.09% just before the data was released. The yield ended at 4.094% on Thursday.
S&P 500 sector SPDR ETFs are mixed ahead of the open. Consumer discretionary XLY.P, off about 1%, is posting the biggest decline. Financials XLF.P, up around 0.5%, is the biggest gainer.
The Invesco KBW Bank ETF KBWB.O is quoted up about 1%. This after JP Morgan JPM.N and Wells Fargo WFC.N released quarterly results.
October preliminary U Mich sentiment is due at 1000 EDT. The expectation is for 70.8 vs the prior print of 70.1.
Here is a premarket snapshot from shortly before 0900 EDT (1300 GMT):
(Terence Gabriel)
*****
FOR FRIDAY'S EARLIER LIVE MARKETS POSTS:
FRENCH BUDGET: A LOOMING DILEMMA FOR BRUSSELS? - CLICK HERE
HOW THE EURO CAN FALL TO PARITY VERSUS DOLLAR - CLICK HERE
STOXX CALM, SET FOR SMALL WEEKLY GAIN - CLICK HERE
FUTURES POINT TO STEADY START, LOOK THROUGH FRENCH BUDGET - CLICK HERE
MARKETS TURN CAUTIOUS BEFORE UNCERTAIN WEEKEND - CLICK HERE
PPILM10112024 https://tmsnrt.rs/4eZRyKX
premarket10112024 https://tmsnrt.rs/3YhOX9R
(Terence Gabriel is a Reuters market analyst. The views expressed are his own)
</body></html>Aset Berkaitan
Berita Terkini
Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
