Nick Timiraos, a Wall Street Journal reporter known as the Federal Reserve's mouthpiece, said in a post on social media that the sharp decline in portfolio management services in the producer price index (PPI) in April is expected to lead to another mild core PCE inflation reading. Core PCE growth is expected to be around 0.13% in April. However, the year-on-year growth rate of core PCE is expected to remain at around 2.6% due to the possible upward revision of March data.
美联储传声筒之称的华尔街日报记者Nick Timiraos在社交媒体上发文表示,根据将CPI和PPI映射到PCE的预测模型,4月生产者价格指数(PPI)中投资组合管理服务的大幅下降,预计将带来又一次温和的核心PCE通胀读数。预计4月核心PCE增长约为0.13%。不过,由于3月数据可能上修,核心PCE的同比增速或将维持在2.6%左右。
Brent crude oil fell by 2.00% during the day and is now trading at $60.13/barrel.
On April 1, spot gold fell by $8 in the short term, falling to $3,120/ounce, down $28 from the day's high, down 0.13% in the day.
Spot gold fell by $8 in the short term, falling to $3,120/ounce, down $28 from the daily high, down 0.13% in the day.
The main contract of oil futures continued to decline, led by palm oil, which has fallen by nearly 2%, reported 8836 yuan/ton, soybean oil fell by 0.63%, reported 7888 yuan/ton, and vegetable oil has almost given up all the gains in the day and is now up 0.13%.
油脂期货主力合约持续下挫,棕榈油领跌,现跌近2%,报8836元/吨,豆油跌0.63%,报7888元/吨,菜油几乎回吐日内全部涨幅,现涨0.13%。
U.S. stocks opened, the Dow rose 0.13%, the S & P 500 rose 0.2%, the Nasdaq rose 0.26%. Baidu (BIDU. O) rose 4.5%, reporting that Apple is still working with it to develop artificial intelligence technology in China for iPhone. Tesla (TSLA. O) rose more than 2%, Cisco (CSCO. O) rose more than 5%, its fiscal second quarter sales rose 9% year-on-year to $14 billion.
Class A shares opened, the Shanghai Composite Index rose 0.13%, the Shenzhen Composite Index rose 0.31%, the growth enterprises market index rose 0.43%; Guotai Junan resumed trading today and rose nearly 1.3%.