{"id":104603,"date":"2024-08-13T01:51:21","date_gmt":"2024-08-12T21:51:21","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=104603"},"modified":"2024-08-13T01:53:09","modified_gmt":"2024-08-12T21:53:09","slug":"dow-steadies-ahead-of-key-cpi-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/dow-steadies-ahead-of-key-cpi-data\/08\/13\/market-updates\/","title":{"rendered":"Dow Steadies Ahead of Key CPI Data"},"content":{"rendered":"\n<p>The Dow Jones Industrial Average (DJIA) has steadied before the closing bell, following a tepid Monday session. The market is expected to remain nervous ahead of key inflation data, with a fresh batch of US PPI and CPI inflation prints due this week. <br><br>The US Producer Price Index (PPI) business-level inflation figures are expected to be released on Tuesday, and markets are hoping for a continued easing in structural inflation pressures. Core PPI for the year ended in July is forecast to ease to 2.7% from the previous 3.0%, while Wednesday&#8217;s YoY core CPI inflation is also expected to tick down to 3.2% from the previous 3.3%.<br><br>Markets have trapped themselves in a Goldilocks forecast scenario, with two-thirds of the Dow Jones board in the red on Monday. Walmart Inc. and UnitedHealth Group Inc. rose over 1.5% each, while losses were led by Procter &amp; Gamble Co. and Boeing Co., each falling around 2% on the day. The Dow Jones traded on the tepid side, testing down around four-tenths of one percent as intraday price action struggles to find a grip on the 50-day Exponential Moving Average (EMA) near 39,583.00.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (DJIA) has steadied before the closing bell, following a tepid Monday session. The market is expected to remain nervous ahead of key inflation data, with a fresh batch of US PPI and CPI inflation prints due this week. The US Producer Price Index (PPI) business-level inflation figures are expected to &hellip;<\/p>\n","protected":false},"author":13,"featured_media":94378,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7369,7192,7827,8038],"class_list":["post-104603","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-boeing","tag-dow","tag-procter-gamble","tag-walmart"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/104603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=104603"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/104603\/revisions"}],"predecessor-version":[{"id":104613,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/104603\/revisions\/104613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/94378"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=104603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=104603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=104603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}