Dynamic and Investor Focused Summary
⚠️ Markets Watch Powell and PPI Data!
Today is a critical day for global markets. PPI data to be released at 12:30 UTC and Fed Chairman Jerome Powell's speech at 12:40 UTC may increase volatility in the markets.
Investors will look for rate cut signals in Powell's speech. Recent soft CPI data had raised expectations for a rate cut. However, Powell's speech may confirm or change these expectations.
Gold prices fell to one-month lows as safe-haven demand waned. This is attributed to the easing of US-China trade tensions and expectations of an interest rate cut.
Markets may see increased volatility. Investors should carefully monitor Powell's speech and PPI data.