U.S. Treasury yields dipped on Tuesday as producer price index rose less than expected in December, while stock indexes mostly fell as investors remained cautious ahead of U.S. consumer price data and the start of quarterly earnings reports. The PPI report did not change the view that the Federal Reserve would not cut interest rates again before the second half of this year. Investors await the more closely watched U.S. consumer price index report, expected to show month-on-month inflation held at 0.3% in December while the year-on-year figure climbed to 2.9%.
NEW YORK Jan 14 - U.S. Treasury yields dipped on Tuesday after data showed U.S. producer prices rose less than expected in December, and stock indexes mostly fell as investors remained cautious ahead of U.S. consumer price data on Wednesday and the start of quarterly earnings reports.
CPI data is expected to show month-on-month inflation held at 0.3% in December while the year-on-year figure climbed to 2.9%, from 2.7% in November.U.S. fouth-quarter 2024 earnings get rolling on this week, with results from some of the biggest U.S. banks due starting Wednesday. Lenders were expected to report stronger earnings, fueled by robust dealmaking and trading.
MSCI's gauge of stocks across the globe , rose 1.23 points, or 0.15%, to 833.02. The STOXX 600 , index fell 0.08%. The yield on the benchmark 10-year Treasury note eased marginally, but it remained close to its 14-month high.Higher yields have weighed on equities by making bonds relatively more attractive and increasing the cost of borrowing for companies.
U.S. ECONOMY INFLATION TREASURY YIELDS STOCK MARKET CONSUMER PRICE INDEX
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