The U.S. Bureau of Labor Statistics is set publish the March PPI data at 8:30 a.m. ET on Friday. It measures the changes in underlying U.S. producer prices.
Yields rebounded in early trading after falling in the previous session following dovish comments on the economy from Federal Reserve Chairman Jerome Powell. He called the recovery from the pandemic uneven on Thursday, signaling a more robust recovery is needed. The recovery remains uneven and incomplete, Powell said Thursday in a virtual event presented by the International Monetary Fund and moderated by CNBC s Sara Eisen. This unevenness that we re talking about is a very serious issue.
Daily Markets - April 9, 2021 Mr Deepak Jasani, Head of Retail Research, HDFC Securities
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Treasury Yields Climb Ahead of Producer Prices Data
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Oil prices slip on concerns about oil demand and rise in gasoline stocks (SPY +0.3%). Weekly jobless claims higher than expected by 16,000.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
The U.S.-China Trade War Isnt Over Yet When former U.S. President Donald Trump ascended into the Oval Office in January 2017, he kicked off his presidency by investigating unfair trade practices in China as part of his America First policy. A year later, he imposed hefty tariffs on a wide range of goods from the Asian nation, sparking outrage and retaliatory tariffs from its trading partners. A year ago, Washington and Beijing inked the Phase One Trade Deal whereby Beijing committed to importing an extra $200 billion worth of American goods over the next two years, incl