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Stock impact report

Stocks settle in for nervous wait on US CPI [Yahoo! Finance]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The S&P 500 had dipped 0.3% overnight, and US futures were 0.1% higher in the Asia morning. If inflation meets expectations, the dollar index may drift lower towards 105.1, but if core inflation comes in at 0.4% or higher, the dollar index could shoot up towards 108.1, and the trade is to buy USD and sell stocks on 0.4% and do nothing otherwise. The median forecast of economists polled by Reuters is for headline and core US consumer prices to increase 0.3% month on month, with no forecasts above 0.3%, which analysts say leaves markets vulnerable to a surprise. China's resumption of gold buying for reserves has helped spot prices break a recent range, with gold above its 200-day moving average at 2,700 an ounce, while oil prices were broadly steady with Brent crude futures at 72.48 a barrel. Traders see an 89% chance of a super-sized 50 basis point rate cut, which would bring the overnight rate to 3.25%, and the Canadian dollar touched a 4-1/2 year low on Tuesday, and was close Show less Read more
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