New York (Reuters) -JAV manufacturers’ prices have increased more than expected in July, with increased service and goods expenses, which indicate a broader inflation in the coming months.
Last month after June The final demand manufacturer’s price index was not changed, the Bureau of Labor Statistics of the Labor Department said Thursday. Economists interviewed by Reuters predicted that the PPI would increase by 0.2%.
Market reaction:
Stocks: Future transactions for the US stock index have fallen after PPI data. Two-year yields last 2.7 bases-3.714% .Forx: The dollar index lasted 0.4% at 98.07.
Comments:
Michael Brown, Senior Research Strategist, Pepperstone, London:
“(There is) only a knee jerk reaction (in FX markets) throughout the place that not only the statistics itself, but also the fact that it will later cause a hot PCE figure later.”
“I wouldn’t trust the bounce of Buck to be particularly sustainable because OIS (the accommodation of the accommodation) is very little, and the market is very likely to remain” everything “when September. We will hear the idea, at least until we hear from Powell’s Jackson Hole next week, and next week, in turn, turn. “
Juan Perez, Monex USA, Washington, Trade Director:
“It makes sense that Buck arises against its peers, because the fact that suppliers seem to absorb more costs more labor deterioration and pessimism in confidence surveys to make a stimulus.
Brian Jacobsen, Chief Economist, Supplement Property Management, Brookfield, Wisconsin: (Email)
“PPI leap attracts the eye, but the details are where the action is. The increase in the headline PPI is mainly due to the extension of the margins and retailers. Distributors could immerse themselves in their suppliers so that the tariff consumption prices are reasonable.