Fundamental Analysis

Fundamental Analysis

Producer prices edge up, initial jobless claims drop 3K
Fri, 14 Jul 2017 06:05:22 GMT
Source: Dukascopy Bank SA
"We expect inflation pressures to firm in the second half of the year, but any realized gains are likely to be limited."
— Sam Bullard, Wells Fargo Securities 

The US Producer Price Index for final demand nudged up 0.1% in June on the back of sustained increases in services cost that managed to offset plunging energy prices, data released by the Labour Department revealed on Thursday. The gain came in as a surprise, as the vast majority of analysts had predicted the index to stay unchanged, and suggested that a recent moderation in inflation was likely temporary. In 12 months through June, the PPI advanced 2.0%, down 0.4% from May's reading, as the energy-led spike was dropped out of the calculation. Meanwhile, the Core Finished Goods PPI advanced a modest 0.1% over the reported period, missing economists' expectations for a 0.2% uptick and following the 0.3% surge registered in May. Year-on-year, the core PPI climbed 2.0% in June after rising 2.1% in the preceding month. In another report, the Labour Department said the number of Americans filing for unemployment benefits dropped 3K to a seasonally adjusted 247K in the week ended July 8.
© Dukascopy Bank SA

Back to feed

Contacts   Hot Links   Search
Dukascopy Bank SA
ICC, Entrance H, Route de Pré-Bois 20, 1215 Geneva 15, Switzerland
tel: +41 22 799 4888, fax: +41 22 799 4880
Site Map
Report an issue
© 1998-2018 Dukascopy® Bank SA

On-line Currency forex trading with Swiss Forex Broker - ECN Forex Brokerage,
Managed Forex Accounts, introducing forex brokers, Currency Forex Data Feed and News
Currency Forex Trading Platform provided on-line by

All trading related information on the Dukascopy website is not intended for Belgian and Canadian residents.

An error correcting system is functioning on our website. If you find a mistake you are able to send us a notification.
Simply highlight the error and press Ctrl + Enter and then follow the instructions.