Dow Jones Retreats after US Inflation Data, Hang Seng May Pull Back
of clients are net short. Long
News
of clients are net short. Long
News
of clients are net short. Long
News
DOW JONES, HANG SENG INDEX, ASX 200 INDEX OUTLOOK:
The tech sector outperformed cyclical ones as strong inflation readings reignite tapering fears
Hong Kong’s Hang Seng Index may retreat after surging 1.63% on Tuesday
Dow Pullback, US Core CPI, Earnings Season, Tencent, Asia-Pacific at Open:
The Dow Jones Industrial Average pulled back from record levels on Tuesday as US core CPI reading surpassed market expectations. June’s figure came in at 4.5% YoY, compared to a 4.0% forecast. This also marks the highest core inflation reading since 1992, underscoring mounting price pressures that may prompt Fed officials to consider tightening sooner.