economic calendar investing

Summary:

  • S&P 500 has seen 0.72% growth today.
  • The value of (XAUUSD) gold has shown bullish signals in the market today.

Read next: Tech Stocks Plunging!? Trade Desk Earnings Announcement Pushes Tech Giant Stock Down, Russian Ruble Strengthening and Ford Motor Co. 

S&P 500 is rising during trading today

The U.S CPI report which offered an update on price increases across U.S for April was released by the U.S labour department on Wednesday. The report reflected there was some deceleration of inflation figures compared to March, however, the rate of price increases exceeded analyst expectations.

The CPI for April decelerated marginally compared to the March figures. The figures represent how far the Fed will have to go in the future regarding tightening monetary policy to fight the rising prices.

Stock Market Showing Signs Of Slight Recovery Amidst U.S CPI Report Release - 1

S&P 500 Price Chart

Will Gold rally in the wake of the CPI report?

Gold futures have increased in value today, the initial increase came before the CPI report was released by the

Stock Market Showing Signs Of Slight Recovery Amidst U.S CPI Report Release

Stock Market Showing Signs Of Slight Recovery Amidst U.S CPI Report Release

Rebecca Duthie Rebecca Duthie 11.05.2022 18:05
Summary: S&P 500 has seen 0.72% growth today. The value of (XAUUSD) gold has shown bullish signals in the market today. Read next: Tech Stocks Plunging!? Trade Desk Earnings Announcement Pushes Tech Giant Stock Down, Russian Ruble Strengthening and Ford Motor Co.  S&P 500 is rising during trading today The U.S CPI report which offered an update on price increases across U.S for April was released by the U.S labour department on Wednesday. The report reflected there was some deceleration of inflation figures compared to March, however, the rate of price increases exceeded analyst expectations. The CPI for April decelerated marginally compared to the March figures. The figures represent how far the Fed will have to go in the future regarding tightening monetary policy to fight the rising prices. S&P 500 Price Chart Will Gold rally in the wake of the CPI report? Gold futures have increased in value today, the initial increase came before the CPI report was released by the U.S labor department, and the increase has continued after the release. The lower than expected CPI figures bode well in the favour of the gold prices as uncertainty arises amongst investors on the Fed's next move. With volatility in the stock markets likely to continue, perhaps investors are trying to hedge their bets, driving the price of gold upwards. Gold Futures Jun’22 Read next: (BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100.  Sources: Finance.yahoo.com
FX Street Economic Calendar. Euro (EUR), US Dollar (USD, Pound (GBP), Russian ruble (RUB)...

FX Street Economic Calendar. Euro (EUR), US Dollar (USD, Pound (GBP), Russian ruble (RUB)...

Ed Moya Ed Moya 09.05.2022 07:12
Economic Calendar Saturday, May 7 Economic Data/Events: China forex reserves Sunday, May 8 Economic Data/Events: Former secretary for security and chief secretary John Lee is expected to be named replacement for Hong Kong Chief Executive Carrie Lam. Atlanta Fed financial market conference starts Monday, May 9 Economic Data/Events: US Wholesale Inventories President Putin expected to speak BOJ releases Minutes to last policy decision Mexico CPI China Trade, aggregate financing, money supply, new yuan loans France Trade Singapore foreign reserves Indonesia GDP, CPI, consumer confidence Japan cash earnings, PMI services, composite Tuesday, May 10 Economic Data/Events: Fed’s Mester and Bostic speak at Atlanta Fed conference Fed’s Williams speaks NABE/Bundesbank symposium Fed’s Waller and Kashkari speak at the Economic Club of Minnesota Germany ZEW survey expectations Italy industrial production Italy PM Draghi visits White House Japan household spending Mexico international reserves New Zealand home sales, card spending Australia household spending, business confidence, retail sales Thailand consumer confidence EVENTS: Wednesday, May 11 Economic Data/Events: US CPI Fed’s Bostic speaks China CPI, FDI Germany CPI ECB’s Knot speaks in Madrid Australia consumer confidence Japan leading index EIA Crude Oil Inventory Report Thursday, May 12 Economic Data/Events: US PPI, initial jobless claims Fed’s Daly speaks in Alaska President Biden hosts special summit of ASEAN leaders USDA World Agricultural Supply/Demand report UK GDP G-7 and NATO foreign ministers meetings begin in Germany India CPI UK Industrial production Mexico central bank (Banxico) rate decision: Expected to raise Overnight Rate by 50bps to 7.00% Mexico industrial production Russia trade Japan BoP, bank lending, bankruptcies New Zealand food prices, net migration, inflation expectations Australia consumer inflation expectations South Africa manufacturing production Friday, May 13 Economic Data/Events: US University of Michigan consumer sentiment Federal Reserve Bank of New York hosts “Climate Change: Implications for Macroeconomics” symposium France CPI Poland CPI Russia CPI and GDP Norway GDP Eurozone Industrial production Turkey Industrial production Canada existing home sales India trade Japan money stock New Zealand manufacturing index Thailand foreign reserves, forward contracts China medium-term lending RBA Bullock speaks Sovereign Rating Updates: Switzerland (Fitch) Iceland(S&P)   This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

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