investingLive Americas market news wrap: S&P 500 hits a fresh record
- US July PPI 4.7% y/y vs 4.9% expected
- US initial claims for the current week 209K vs 202K estimate
- Fed’s Barkin: Still an open question on whether the FOMC needs to hike rates
- Fed’s Hammack: Need some restraint from mon pol to bring down inflation
- Fed’s Barkin: It’s hard to know whether policy is restrictive given standard errors in models
- US 30 year average mortgage rate averages 6.67% vs 6.69% last week.
- US treasury sells 30 year bonds at a high yield of 5.216%
Markets:
- WTI crude oil down $2.05 to $81.21
- US 10-year yields down 4.3 bps to 4.64%
- Gold down $58 to $4348
- S&P 500 up 0.65%, touches intraday record
- EUR leads, CHF lags
It was a dull day in FX but lively elsewhere.
This article was written by Adam Button at investinglive.com.