STARTRADER Monday's Market Update 11-09-2023
Investors are eagerly awaiting the release of the Consumer Price Index (CPI) data for the month of August, scheduled for today, Wednesday, and the Producer Price Index (PPI) reading, set to be released tomorrow. These releases will be crucial in measuring interest rate expectations ahead of the Federal Reserve meeting on September 20.
U.S. indices closed collectively lower on Tuesday, pressured by Apple’s stock and mounting concerns about the impact of high oil prices on inflation data.
As for gold prices, they declined to their lowest level in over two weeks on Tuesday, driven by a stronger dollar and rising Treasury bond yields.
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