Meanwhile, overnight data showed US producer prices increased more than expected in April
Oil prices have also found support from a softer dollar and stimulus measures by China
‘If the CPI starts to come down a little bit, it will be positive for gold’
Consumer price index to give insights into Fed’s monetary direction
The key inflation reports are expected to offer more insights on the pace and scale of the Fed’s interest rate cuts in 2024
Investors watching US CPI data due for clues to when the Federal Reserve will consider cutting interest rates
Business Day TV speaks to Jean Pierre Verster from Protea Capital Management and Grant Nader from Benguela Global Fund Managers
Business Day TV spoke to Business Day’s Mudiwa Gavaza
The US PPI report is important as its components feed directly into the core PCE price index
MSCI’s broadest index of Asia-Pacific shares outside Japan hit its highest since early 2023
Making the right call on where percentages settle is a huge challenge for policymakers and investors
Anglo American shares close slightly lower after news it rejected revised offer from BHP
Metal is weaker as investors await CPI numbers that may shed more light on the timing of the Federal Reserve’s first rate cut
Comments from Fed officials dampen the hope of interest rate cuts, which could slow growth and crimp fuel demand in the US
Business Day TV talks to Mark du Toit from OysterCatcher Investments and Gary Booysen from Rand Swiss
