STARTRADER Market Recap | 12-July-2023

Today, markets are eagerly anticipating the release of US inflation data. Analysts’ expectations indicate that inflation in the United States slowed down in June to around 3.1%, compared to 4% in May.

Additionally, the Producer Price Index report is expected to be released tomorrow on Thursday. Furthermore, the results from JPMorgan and other major banks are expected to be released later this week.

The dollar index recorded its lowest level in two months at 101 dollars, and the yield on 10-year US Treasury bonds declined for the second consecutive session. These factors have led to an increase in gold prices above the $1935 level and a more than 2% increase and stability in oil prices.