Weaker dollar after softer PPI data, while bond selloff eases and gold prices rise.

From Investing.com: 2025-01-15 06:23:00

US producer price index data raises hopes for a downside surprise in consumer price index figures, leading to a weaker dollar and a stronger yen as bets for a Bank of Japan rate hike gain momentum. Pound fluctuates on a surprising cool down in UK inflation. Stocks show a cautious recovery, with gold prices also rising. Bond selloff eases, boosting market sentiment.

Risk appetite improves as bond selloff calms down, with US Treasury yields backing off from recent highs. US producer prices show a smaller-than-expected increase in December. Dollar retreats ahead of US consumer price index data. Pound reacts positively to unexpected drop in UK inflation. Yen strengthens as speculation grows about a Bank of Japan rate hike.

Wall Street awaits bank earnings while gold rebounds. European markets open positively, while Wall Street futures are slightly up. Big banks set to kick off Q4 earnings season. Gold prices remain near $2,700 despite potential ceasefire deal in Gaza conflict. Tech earnings may provide further clarity on market outlook.



Read more at Investing.com: US Dollar: Soft PPI Adds to Pullback, CPI Report Up Next