What's Driving Market Fluctuations: A Close Look at US CPI, Retail Earnings, and UK Inflation
Monday, 12 August 2024, 01:05
Market Overview
By 04:00 ET, the U.S. crude futures (WTI) climbed 0.9% to $77.55 a barrel, while the Brent contract rose 0.7% to $80.25 a barrel.
Recent Trends in Crude Oil Prices
Both crude benchmarks gained more than 3% last week, marking the first significant increase in weeks.
Factors Influencing Market Movements
- US CPI data
- Retail earnings reports
- UK inflation figures
Conclusion
Ongoing economic indicators continue to shape market dynamics significantly, providing insights into market fluctuations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.