Mixed Performance in U.S. Markets: Pay Attention to Inflation Data

U.S. Stock Markets Following a Mixed Trend

U.S. stock futures continue to fluctuate between gains and losses following a mixed closing the previous day. With important benchmark indices showing a mixed trend, uncertainty prevails in the markets.

Inflation Report Influences Markets

The impact of the CPI report, released yesterday, which indicated that inflation accelerated in June, is still being discussed. The U.S. President announced a trade agreement signed with Indonesia, providing significant opportunities for American aerospace and energy companies. However, Fed Chairman Jerome Powell's cautious stance on lowering interest rates significantly influences the market direction.

Changes in the Financial Sector

While financial, materials, and healthcare stocks faced losses, information technology stocks rose against the broader market decline. Wells Fargo (WFC) reported earnings above expectations, and JPMorgan Chase (JPM) also delivered similarly strong results.

Views on Consumer Price Index and Interest Rates

In June, the headline consumer price index increased by 2.7% year-on-year, aligning with some analysts' expectations. However, the core inflation, excluding food and energy, came in at 2.9%, which is being closely monitored by the markets. Economist Louis Navellier noted that the CPI report had no direct impact on the market, emphasizing that the Producer Price Index, to be announced on Wednesday, would provide further clues.

Market Predictions

Ed Yardeni stated that the June CPI report may signal that the Fed has deviated from its 2% target. Comments and statements made may spark a serious discussion on inflation in the coming days. Meanwhile, while ASML Holding NV (ASML) and other technology stocks face challenges in the market, the financial performance of these companies is being closely monitored.

All these developments indicate that investors need to carefully evaluate market movements. This is a period in the investment world where uncertainty and opportunities coexist.