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US core PCE inflation dropped from 5.0 to 4.7% YoY, while market expected slowdown to 4.6% YoY
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Headline PCE inflation dropped from 6.1% to 5.5% YoY, slightly bigger drop than expected
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Nevertheless, from Fed's point of view, core inflation is key and it does not show signs of as strong slowdown as in case of CPI
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University of Michigan index for December was revised higher, thanks to a drop in inflation expectations. 1-year inflation outlook was lowered from 4.4 to 4.6%
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US new home sales increased in November while durable goods orders dropped
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US dollar gained and indices took a hit in response to US PCE data release. However, those moves were quickly reversed and now both US indices and USD trade more or less flat
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Natural gas prices continued to drop, moving to the lowest levels since March below $4.9 per MMBTu
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Declines on gas market were triggered by lower than expected draw in stockpiles reported yesterday as well as Freeport LNG expected to resume operations in January
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Simultaneously, winter attack in the United States is boosting gas consumption what may boost prices in near-term
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Oil WTI tested $80 per barrel area following news of increase in Chinese imports as well as an expected peak in Chinese infections
Daily Summary: The week ends on a positive note. SK Hynix up 14% on Nasdaq. Energy down (10.07.2026)
Fed presents its semi-annual report. Stocks are expensive but no bubble?
Oil prices retreat and chip stocks rally, as market normalize to lates flare up
Economic calendar: ECB minutes, US jobless claims and PepsiCo earnings in focus
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