Stock futures on Wall Street expect markets to open negatively in the U.S., reacting to consumer price index (CPI) data, which rose 0.6% on a seasonally adjusted basis during the month, up 3.7% from a year ago are, the US Department reported to Labor on Wednesday. Economists surveyed by Dow Jones had expected increases of 0.6% and 3.6%, respectively. However, core CPI rose 0.3% M/M and 4.3% YoY, versus estimates of 0.2% and 4.3%, respectively. On the other hand, it was announced that mortgage demand is stagnating at levels not seen since 1996, with mortgage rates continuing to impact demand, particularly for refinances. According to the Mortgage Bankers Association’s seasonally adjusted index, total mortgage application volume fell 0.8% last week compared to the previous week.
In the Eurozone, major European stock markets are seeing negative moves, with the Europe Stoxx 600 index currently down 0.58%. Last July, the euro zone industrial production index recorded a decline of 1.1% compared to the previous month, when it had increased by 0.4%, while the data was 2.2% lower compared to the same month in 2022, it said es Community Statistical Office, Eurostat. Across the European Union (EU), the industrial production index also recorded a monthly decline of 1.1% in the seventh month of the year, compared to a 0.4% increase in June.
In Asia Pacific, the region’s major markets ended the session with mixed results, with the exception of India and New Zealand. Official data showed on Wednesday that producer prices in Japan rose 3.2% in August from a year earlier, rising for the 30th consecutive month, according to preliminary figures from the Bank of Japan (BOJ).
Currently, the EUR is losing value against the USD by 0.09% to a level of 1.074 USD/EUR, while the DXY index is falling by 0.03% to a level of 104.67. The US 10-year bond yield rose 2.8 basis points to 4.292%. The price of gold futures fell by 0.03% to a level of $1,932.8. Oil futures (WTI) rose 0.73% to settle at $89.49 a barrel. The VIX index fell by 1.76% and settled at 13.98 points. Finally, the USD depreciates by 0.08% against the MXN, settling at 17.1860.
We started operations at 17.1700/17.1900, three cents below the previous close, with lows at 17.1750 and highs at 17.2700. This applies to transactions with settlement in the same daily value. In the US, inflation data for the month of August was released which was in line with expectations as the monthly data was in line with expectations at 0.6% and the annualized data was 3.7% versus 3.6%. ; Before this data, the exchange rate was 17.2400. After the release of the data, the exchange rate had an unsuccessful upward impulse to continue the downward momentum that began this week, continuing the downward movement after recording highs of 17.7000 in the previous week. In Mexico, we have no relevant economic data. The dollar index is at 104.7. The euro is trading at 1.0748. Estimated range for the session 17.1200/17.2500.