Market Overview for August 14:
In the U.S., the rally continues: the SPY ETF is trading near new record levels, reflecting optimism about the expected reduction in the Fed's key rate in September. However, in the morning, futures reacted with a decline after an unexpected rise in inflation according to PPI data: +3.3% year-on-year and +0.9% month-on-month. This data intensified fluctuations in the bond market and in futures.
Asian indices halted their growth after a three-day rally, oil slightly rebounded. European markets, including the FTSE 100, are once again setting new highs under the influence of strong macro data and bullish sentiment. Additionally, Bitcoin reached another record around $124,000, supported by expectations of a loose monetary policy.
Overall, cautious optimism prevails: markets are waiting for further signals from the Fed, including PPI data and the regulator's stance on rates.
