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Iran refutes Trump’s claims of ceasefire deal with Israel, but signals readiness to end hostilities
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UK inflation picks up to hotter-than-expected 3.8% in July
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Japan’s July exports clock steepest plunge in over four years, dropping by a more than expected 2.6% The fall was sharper than the 2.1% contraction expected by economists polled by Reuters. Exports to the U.S. also continued to fall, dropping 10.1% in July. While the effects of the 15% tariffs will not show up until the August data, analysts have warned about their impact on the Japanese economy. #bearishmomentum
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The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared to the Dow Jones estimate for a 0.2% gain Excluding food and energy prices, core PPI rose 0.9% against the forecast for 0.3%. Excluding food, energy and trade services, the index was up 0.6%, the biggest gain since March 2022. On an annual basis, headline PPI increased 3.3%, the biggest 12-month move since February and well above the Fed’s 2% inflation target. #PPIData
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Stocks rose Tuesday as investors breathed a sigh of relief that a tamer-than-expected inflation report might give the Federal Reserve the green light to cut interest rates next month. $BTC $ETH #RateCutExpectations
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The consumer price index increased a seasonally adjusted 0.2% for the month and 2.7% on a 12-month core CPI increased 0.3% for the month and 3.1% from a year ago. #CPIdata
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