S&P 500: Markets continue to rise and the dollar falls, awaiting inflation data from the US.

• Equity markets rise again.
• Traders’ focus is on the US inflation data for August.
• The dollar continues to decline, metals and oil are close to Monday’s highs.

Wall Street futures rise around 0.45% and in Europe the main stock markets also rise again. The market is waiting for the US inflation data. The dollar continues to decline.

US CPI takes center stage

The S&P closed up 1.06% on Monday and on Tuesday in the preview it is gaining 0.65%. In Europe, the FTSE 100 rose 0.52%, the DAX 0.84% ​​and the CAC 40 0.72%. Equity markets continue to rally, which will face a major challenge with US inflation data.

It is expected that the Consumer’s price index show a slowdown in August, with the annual rate going from 8.5% to 8.1%. If these data are confirmed, expectations of a smoother pace of future increases in interest rates by the Federal Reserve would grow. Fiscal figures for August will be published in the afternoon of the American session.

In the preview of the data, the treasury bond yields they are stable, with the 10-year rate at 3.31%, and the 2-year rate at 3.53%. The dollar index falls 0.55% and is at 107.70, the lowest since August 26.

The dollar remains weak in the market, moving away from the highs in decades. EUR/USD is close to 1.0200, GBP/USD is above 1.1730 and USD/JPY is below 142.00. The pound was not affected by the UK jobs data for August, nor was the euro by a drop in the expectations index for September.

The metals operating without major changes. The Prayed is trying to get back to the $1730 area, while silver is at $20.00. The cryptocurrencies maintain a tone of recovery, although at different rates. The Bitcoin up just over 1% like ethereum. BTC/USD is at $22,640, at a 3.5-week high.

Oil prices rise around 1%. The barrel of WTI recovered from a drop during the Asian session and returned to the area of ​​weekly highs. The advance is accompanied by the rise in the markets and the fall of the dollar, although some caution is noted in the face of the economic outlook and the restrictions due to COVID in China.

The actions of Twitter they fall 1.85%. Shareholders are about to approve the purchase of Elon Musk, which he wants to get out of. Everything could be resolved in court. Oracle rises 1.50% after second-quarter earnings hit expectations.

Technical levels