Market Report Jul 12 2023

On Tuesday, market indices demonstrated a moderate uptrend. Anticipations that the forthcoming U.S. inflation data might indicate a sustained relaxation in price pressures propelled equities higher.

The main averages in UK and Europe closed the session on a positive note ahead of CPI.
Expectations of diminishing price pressures hold a favourable implication for both equity and bond markets. It is projected that the CPI will show a deceleration in price increases to 3.1% yoy in June, down from 4.0% yoy in May. This would mark the most relaxed pace of price growth observed in more than two years.

Javid Shaik

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