Global Market Trend As Of July 13th, 2022

Analyst's Views

U.S. markets started Wednesday trading with some levels of uncertainty, equity futures were trading mixed ahead of a highly anticipated report on inflation. The major futures indexes suggest a mostly lower open on Wall Street.

The consumer price index is expected to rise 1.1% month-over-month in June. That’s up from a 1.0% increase in May, but below a 1.2% spike in March. 

On a year-over-year basis watch for prices to soar 8.8% in June, a new four-decade high and up from May’s annual gain of 8.6% which was the highest since December 1981.  If you factor out volatile food and energy costs, core consumer prices are anticipated to rise 0.6% for the third consecutive month. 


Commodities, Oil prices rebounded from Tuesday's plunge but stayed below $100 per barrel. U.S. West Texas Intermediate crude traded at $96 a barrel. Brent crude futures were at $99 a barrel. Prices fell by more than 7% on Tuesday amid volatile trading.


However, at Tuesday's session on Wall Street, the S&P 500 lost 0.9% to 3,818.80, declining for a third day. Technology, health care and energy stocks accounted for a big share of losses. The Dow Jones Industrial Average slid 0.6% to 30,981.33 and the Nasdaq composite slid 0.9% to 11,264.73.

Corporate reporting, Big companies are due to report second-quarter results over the next few weeks.

Treasury bills, the yield on the 10-year Treasury, or the difference between the market price and the payout at maturity, was steady at 2.95%. 

SPOT MARKET  BY THE HOUR AS OF GMT 09:08  07-13-22