Cooler July PPI pushes rate-hike bets later; oil stays supported by Hormuz risk (economy)

Generaldesk view

Cooler July PPI pushes rate-hike bets later; oil stays supported by Hormuz risk (economy)

The U.S. Producer Price Index was unchanged month-on-month in July and rose 4.7% year-on-year, below estimates, with energy prices still falling. Markets pushed…

READ THE DAY'S DIGEST →

Financedesk view

Oil chops near $87 as Washington threatens an “indefinite” Iran blockade; weekly gains still about 4% (Energy)

On August 14 crude traded the gap between geopolitical premium and weaker demand forecasts. One snapshot had Brent −0.34% at $86.77 and WTI +0.42% at $80.92, bo…

READ THE DAY'S DIGEST →

Financedesk view

Cooler U.S. CPI and PPI cut September hike odds; Warsh’s Fed remains split (Fed)

July CPI rose 3.4% year over year (from 3.5% in June) with core CPI at 2.5%; July PPI was unchanged month over month and slowed to 4.7% from 5.5% year over year…

READ THE DAY'S DIGEST →

Financedesk view

Brent settles at $88.52, up about 6% on the week, after tanker attacks (Energy)

Friday Brent settled at $88.52 a barrel, up $1.45 or 1.67%; WTI settled at $82.40, up $1.15 or 1.42%. From last Friday’s close Brent was up nearly 6% on the wee…

READ THE DAY'S DIGEST →