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Producer Inflation Cools in June

Economic DataInflationCorporate EarningsMarket Technicals & Flows
Producer Inflation Cools in June

Pre-market futures gained momentum as economic data came in broadly encouraging, lifting the Dow from +99 points to +140. The move was attributed to wholesale inflation, an additional round of Q2 earnings results, and a New York manufacturing index, supporting a near-term risk-on tone.

Analysis

Pre-market futures gained momentum as economic data came in broadly encouraging, lifting the Dow from +99 points to +140. The move was attributed to wholesale inflation, an additional round of Q2 earnings results, and a New York manufacturing index, supporting a near-term risk-on tone.

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