📆 Wednesday, September 20
► In Europe, stock performance improved slightly due to positive economic data coming from the UK. The UK saw its inflation rate decrease to 6.7% in August, contrary to the expected 7% rise – a surprise but the September number will likely show a different picture given the sharp increase in energy prices. Still, the August inflation figure is the most modest since February 2022, suggesting potential cooling in the global inflationary environment. Germany also released it's PPI data where, German producer prices increased month-on-month to 0.3% beating market expectations, however it dipped to –12.6% year-on-year.
► US stocks declined yesterday with the S&P 500 and Nasdaq closing -0.22% and -0.23% respectively. Traders are anticipating that rates will remain high for a more extended period due to potential inflation flare-ups. Currently, US equity futures remain unchanged ahead of the Federal Reserve's rate decision later today (18:00 UTC+0). We will see muted trading activity before the rate decision.
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