Overview
Today's U.S. stock market saw a mixed performance with stable consumer price index data, yet concerns over mixed banking results and tariffs weighed on the market. MVID and AMD surged on the news of resuming sales in China, but S&P 500 lost its early gains.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
The consumer price index showed only a 0.2% annual increase, marking the fifth consecutive month of undershooting market expectations, suggesting a stable inflation trend. However, major banks' earnings fell short of market expectations. OASP's net interest margin downgrade led to a 5.5% stock drop, while JPMorgan saw its stock decline despite exceeding expectations in the investment sector. On the other hand, CT Group reached its highest price since 2018 due to solid results and a stock buyback plan. June's inflation data presented mixed signals as core CPI rose by only 0.2% annually. Tariff-exposed products like toys and appliances showed rapid price increases as companies began passing costs to consumers.
Tomorrow's Economic Indicators
| Time | Event Description |
|---|---|
| 20:00 | U.S. MBA Mortgage Applications |
| 20:30 | U.S. URPPI Rate Announcement |
| 20:15 | U.S. Industrial Production Index |
| 23:30 | U.S. EIA Crude Oil Inventory Report |
| 21:00 | U.S. Federal Reserve Beige Book Release |
| 22:15 | Speech by Federal Reserve's Parkin Governor |
| 23:15 | Speech by Federal Reserve's Hemack Governor |
| 23:30 | Federal Reserve Speech Announcements |
| 06:30 (Next Day) | Speech by Federal Reserve's Williams Governor |
A General Opinion
This week's session exhibited a mixed trend amidst stable CPI data and disappointing banking results. Despite stable inflation data, tariff-related concerns continue to weigh on the market. Investors are keenly watching the Federal Reserve's next move, while the selection process for Powell's successor garners attention.
