Where's the Heat? Inflation, Retail Sales Disappoint

Traders work on the floor of the NYSE in New York

Traders work on the floor of the New York Stock Exchange in New York U.S

The ICE U.S. Dollar Index DXY, -0.30% was fractionally higher at 93.0900, while a broader measure of the buck's strength, the WSJ Dollar Index BUXX, -0.33% moved down 0.1% to 86.36.

After four straight days of declines, the dollar index, tracking the greenback against a basket of major currencies, rose 0.07 percent.

While investors cheered a 0.4 percent increase in the US producer price index for final demand last month, inflation concerns were still in focus as USA central bankers showed they were taking a more guarded view.

The Labor Department's CPI report is due at 8:30 a.m. Core CPI also disappointed, up 0.1% when 0.2% was forecast by economists.

US Retail Sales Spike 1.6% In September Amid Higher Gas Prices
Construction and engineering firms are expected to step up hiring as homes, commercial buildings and roads and bridges are fixed. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product.

That's below the Fed's 2% target. Federal Reserve Governor Lael Brainard said Thursday that Fed officials are struggling to understand a "material" decline in the trend of inflation.

Yesterday, it was reported that prices at the wholesale level (PPI) climbed 0.4% in September, as expected.

Further, the latest figures from the retail sector are expected to show that sales posted solid growth in September. Eastern from the University of MI.

"PPI was a little bit better, but that doesn't really translate well to CPI", said Gennadiy Goldberg, an interest rate strategist at TD Securities in NY.

Bogus holiday sickness claims costing travel industry 'over £240m'
The projected total cost of claims to the industry in 2016, including damages paid, was estimated by ABTA to be over £240 million. These proposals will be considered by the Civil Procedure Rule Committee, which is responsible for setting rules on legal costs.

While investors cheered an increase in the US producer price index (PPI) for last month announced Thursday, inflation concerns were still in focus ahead of consumer price index (CPI) data on Friday after Federal Reserve minutes showed a more guarded view.

"People got a little bit spoiled by the very nice advances we saw in the first and second quarter, but keep in mind that earnings started perking up in the third quarter of last year so the year-over-year comparisons might not look as robust", said John Carey, portfolio manager at Pioneer Investment Management in Boston.

Adding to this pressure, sterling jumped to its highest since October 4, with analysts citing a report in Germany's Handelsblatt newspaper that the European Union could offer Britain a two-year transitional Brexit deal.

The pound on Thursday was yanked below $1.32 after Michel Barnier, the EU's chief Brexit negotiator, said not enough progress had been made for the European Union and the U.K.to start discussing their future trade relationship.

S Korea, China renew United States dollars 56 bn currency swap deal despite
The deal, seen as a financial safety net to help stabilise the South Korean won, accounts for around half of the South's entire currency swap deals.

Últimas notícias