High impact
Stocks and bonds rose after softer-than-expected core PPI data reduced expectations of near-term Fed rate hikes, while oil prices remained elevated due to the US-Iran conflict.
FirstSquawk07/16, 03:39 AM
- CORE PPI ROSE 4.7% YoY
- THE S&P 500 ROSE 0.4%
- CHIPMAKER SHARES FELL 2.1%
- WTI RISING TO ABOVE $80 A BARREL
Figures as quoted by FirstSquawk
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