Wall Street Set To Rally On Mild Producer Inflation Data As Traders Boost Bets On Bigger Fed Rate Cut: 5 ETFs To Watch Tuesday
Wall Street Set To Rally On Mild Producer Inflation Data As Traders Boost Bets On Bigger Fed Rate Cut: 5 ETFs To Watch Tuesday
A lower-than-expected producer inflation report sparked bullish sentiment in Tuesday's premarket trading, as traders increased their bets on a larger Federal Reserve interest rate cut next month.
在週二的盤前交易中，低於預期的生產者物價指數報告引發看好情緒，交易員增加了對下個月聯儲局更大利率減息的押注。
In July, the headline Producer Price Index (PPI) for final demand edged up by 0.1% month-over-month, slowing from June's 0.2% increase and missing economists' expectations of a 0.2% rise, according to TradingEconomics.
據TradingEconomics報道，7月份最終需求領域的生產者價格指數（PPI）環比上漲0.1％，低於6月的0.2％增長和經濟學家0.2％的預期。
On an annual basis, the PPI climbed by 2.2% compared to July 2023, down sharply from 2.7% in the previous month and below the anticipated 2.3%.
從年度基礎上看，PPI上漲了2.2％，環比2023年7月下降了 sharply，低於預期的2.3％。
The core PPI, which excludes food, energy, and trade services, remained flat month-over-month, falling short of the expected 0.2% increase and decelerating from June's revised 0.3% growth. Annually, the core PPI increased by 2.4%, down from the previous 3% and below the forecasted 2.7%.
核心PPI（不包括食品，能源和貿易服務）環比持平，較6月的修正增長0.3％下降，未達到預期的0.2％增長。年度基礎上看，核心PPI上漲了2.4％，低於3％的上個月和預期的2.7％。
Before the release of the PPI report, investors had assigned a 52% probability of a 50-basis-point rate cut in September, slightly outweighing the 48% chance of a smaller reduction, according to the CME Group's FedWatch tool.
在PPI報告發布之前，根據CME Group的FedWatch工具，投資者將50個點子的利率削減概率分配給9月份的可能性爲52％，這略高於較小削減的48％概率。
Market Reactions To July PPI Report: Dollar Dips, Stocks Rally
7月PPI報告的市場反應: 美元下跌，股市上漲。
Following the PPI release, traders slightly increased their bets on a larger rate cut, with market-implied probabilities rising to 55%.
發佈PPI後，交易員略微增加了對更大利率削減的押注，隨着市場隱含概率上升至55%。
During Tuesday's premarket trading, the following moves were observed across major asset classes:
在週二的盤前交易中，主要資產類別的情況如下:
- Futures on the S&P 500, as tracked by SPDR S&P 500 ETF Trust (NYSE:SPY), were up 0.6%.
- Nasdaq 100 futures, as closely followed by the Invesco QQQ Trust (NASDAQ:QQQ), rallied 0.9%.
- Russell 2000 futures, tracked by the iShares Russell 2000 ETF (NYSE:IWM), were 0.8% higher.
- U.S. Treasury bonds, as monitored through the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), were up about 0.5%.
- Gold prices, as replicated by the SPDR Gold Trust (NYSE:GLD), were 0.1% lower.
- 標普500期貨，由SPDR標普500 ETF信託基金（紐交所：SPY）跟蹤，上漲了0.6％。
- 納斯達克100期貨，由納指100ETF-Invesco QQQ Trust（納斯達克：QQQ）密切關注，上漲了0.9％。
- 羅素2000期貨，由iShares羅素2000指數ETF（紐交所：IWM）跟蹤，上漲了0.8％。
- 美國國債，通過iShares 20+年期國庫債券ETF（納斯達克：TLT）監測，上漲約0.5％。
- 黃金價格，由SPDR金ETF（紐交所：GLD）複製，下降了0.1％。
All Eyes On July CPI
所有板塊將關注7月CPI
Attention now shifts to July's Consumer Price Index (CPI) report, scheduled for release on Wednesday at 8:30 a.m. ET.
目前，注意力轉向於定於週三上午8:30公佈的7月消費者價格指數(CPI)報告。
Economists expect the CPI to rise by 2.9% year-over-year in July, down slightly from June's 3% increase. The Core CPI, which excludes volatile food and energy prices, is anticipated to rise by 3.2%, also a minor decrease from the previous 3.3%.
經濟學家預計，7月CPI同比上漲2.9％，略低於6月的3％增幅。核心CPI（不包括波動較大的食品和能源價格）預計上漲3.2％，也比以前的3.3％略微下降。
If the consumer inflation data comes in below expectations, it could further strengthen the case for a more substantial Fed rate cut. Conversely, if inflation shows signs of persistence, traders may shift back toward betting on a smaller cut or even the possibility of no cut in September.
如果消費者物價數據低於預期，可能會進一步增強更大利率削減的理由。相反，如果通脹顯示出持久的跡象，交易員可能會再次轉向對較小削減甚至9月份沒有削減的可能性的押注。
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圖像由Midjourney通過人工智能創建。