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Breakfast Bites - US PCE inflation today
PCE Preview; US GDP review; China Yields; BofA's flow show
Ayesha Tariq
July 26, 2024
Rise and shine everyone.
Markets continued to sell off yesterday despite a better-than-expected GDP Growth number for the US. The S&P 500 closed below its 50-day moving average.
However, US equity futures are seeing some respite in the pre-market today as we prepare for the PCE inflation numbers to be released at 8:30 am ET.
Asian and European equities also saw some respite in early trading this morning.
The entire big tech cohort is trading higher in the pre-market.
US Treasuries are moving lower, while the Dollar remains flat. Metals and Bitcoin are higher, while energy pulls back.
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