Futures linked to Dow Jones index fall 0.11% to 45,657 points, while those of the S&P 500 rise 0.29%, at 6,531.60 points. Nasdaq 100 futures advance 0.22% to 23,893.10 points.
Wall Street comes from a positive session yesterday in which the three large indices achieved historical closing maximums: Dow Jones rose 0.43% to 45,711.34 points, while the S&P 500 closed at 6,512.61 points after rising 0.27%. The Nasdaq advanced 0.37% to closed at 21,879.49 points.
Today all eyes are put in the data of the Production Price Index (IPP) August, which will be known shortly before the opening. In principle, it is expected that both the general growth rate of the general IPP and that of its underlying will remain significantly above 3%, the first in 3.3% (3.3% in July) and the second in 3.5% (3.7% in July).
However, the main course of the week will be the August CPI that will be published tomorrow Thursday, with analysts waiting for an year -on -year rate of 2.9% for the general index and 3.1% for the underlying.
If these figures approach estimates, everything should go as planned for the Federal Reserve to implement another type cut at its meeting next week. «The news about the inflation of the next few days would have to be remarkably higher than expected for something to change the narrative that there will be a cut of types in September,» says Art Hogan, B. Riley Wealth Management Chief Protecta, in statements to the CNBC.
Market operators take for granted types at the Fed meeting, with A 89.7% probability to a cut of 25 percentage points and one of 10.3% to one of 50 points, according to the Fedwatch tool of CME Group.
Meanwhile, a federal judge prevented Tuesday that Trump dismissed the governor of the Federal Reserve, Lisa Cook, an early setback for the White House in his unprecedented legal battle that could potentially end the independence of the Central Bank.
Oracle shoots 30% in the stock market
As for business current Oracle, it is the own name of the day with a spectacular advance of almost 30% in pre -opening. Technology has reported that the income from Multicloud databases of Amazon, Google and Microsoft grew at a surprising pace of 1,529% in their last quarter, driven by the demand for servers of AI servers. «We signed four billionaire contracts with three different clients in the first quarter,» said Sofra Catz, CEO of Oracle. «It was an amazing quarter, and Oracle Cloud Infrastructure’s demand continues to grow.»
Investors trigger purchases for the optimistic prognosis for the cloud, even despite the fact that the latest results do not reach expectations, with quarterly income of 14.9 billion, compared to the expected 15,000 million. The benefit per share amounted to $ 1.47, compared to $ 1.48 per expected title.
More modest, 4%, are Gamestop’s increases. The company announced last night that the profits of the second quarter amounted to 25 cents per share, excluding items, with revenues of 972.2 million dollars. Their Bitcoins holdings were valued at 528.6 million dollars at the close of the quarter.
Synopsys actions collapse more than 10% that the semiconductor tools supplier has published disappointing results in its third fiscal quarter. The company earned $ 3.39 per share with revenues of $ 1,740 million. The analysts had waited for $ 3.74 per share of revenues of $ 1,770 million.
In raw material markets, Oil prices rise by third consecutive sessionwhile investors weigh the possible consequences of the Israeli attack in Doha (Qatar), as well as the latest tariff threats from the US to buyers of Russian crude oil after President Trump has announced that he is willing to impose new tariffs on India and China, but only if the European Union countries also do so.
In this way, the futures of the American West Texas rise 0.83% to $ 63.15 per barrel, while the international reference Brent adds 0.75% to $ 66.89.
The price of gold also moves up on its way to the $ 4,000 that many analysts glimpse in the not too distant future. Today rises in its variety to cash by 0.79% to 3,655.27 dollars per ounce.
The euro drops 0.12% against the dollar until they leave the exchange rate at $ 1,1697 for each community currency.
In the fixed income, waiting for today’s inflation figures and tomorrow, the US -Ten -year -old bonus offers a 4,091%profitability, while two -year bonus pays 3.55%.