U.S. CPI and retail sales both cooled in April, stock index futures jumped, U.S. bond yields plummeted, and gold surged in the short term

Nasdaq futures rose 0.66%. S&P 500 futures rose 0.58%. Dow futures rose 0.48%.
The U.S. Treasury bond yields fell sharply. The daily declines in the 2-year to 10-year Treasury bond yields were nearly 10bp. The 10-year Treasury bond yield once fell 10 basis points to 4.34%, reaching the lowest level in more than a month.
Spot gold has risen in the short term. It is currently trading at $2,373 per ounce.
[Updated at 20:31] The CPI and retail sales in the United States both cooled down in April. After the data was released, the three major U.S. stock index futures rose in the short term. Nasdaq futures rose 0.66%. S&P 500 futures rose 0.58%. Dow futures rose 0.48%.
U.S. Treasury bond yields fell. The 30-year Treasury bond yield fell 6bp in the short term. The 10-year Treasury bond yield fell 9bp.
The U.S. dollar index fell short-term. It is now down 0.4%.
The yen extended gains against the dollar, rising 1.1%.
On the news, data released by the U.S. Bureau of Labor Statistics showed that the U.S. CPI increased by 3.4% year-on-year in April, which was the same as expected. It was slightly lower than the previous value of 3.5%; the CPI in April increased by 0.3% month-on-month, which was lower than expected and the previous value of 0.4%.
After excluding food and energy costs, the core CPI in the United States in March increased by 3.6% year-on-year, which was 3.6% unchanged from the previous value. It was lower than the previous value of 3.8%; the core CPI in April increased by 0.3% month-on-month, which was the same as expected by 0.3%. It was lower than the previous value by 0.4%.
After the release of U.S. CPI data, the swap market raised its expectations for the speed of interest rate cuts by the Federal Reserve during the year.
The U.S. Department of Commerce released April retail sales data. Retail sales in April increased by 0% month-on-month. The previous value was 0.7%. It was lower than market expectations of 0.4%.
[Updated at 19:55] Wednesday, May 15. On the eve of the release of U.S. CPI data for April. The three major U.S. futures indexes were basically stable. European stocks were mixed. New York copper futures hit a record high due to short squeeze.
Global stocks headed toward record highs after a tech-led rally on Wall Street amid optimism that Wednesday\’s key U.S. inflation report would not undermine the Federal Reserve\’s case for cutting interest rates.
Most believe that inflation will slow down slightly. The CPI in April will increase by 0.4% month-on-month, the same as in March; the year-on-year increase is expected to drop slightly to 3.4% from 3.5% in March.
Core CPI is expected to rise by 0.3% month-on-month, lower than 0.4% in March; the year-on-year increase is expected to fall from 3.8% to 3.6%.
Ahead of the release of U.S. CPI in April, the S&P 500 index remained higher despite Powell\’s signal that interest rates will be higher for longer and PPI inflation data being mixed.
GameStop U.S. stocks fell more than 10% before the market opened. AMC Cinemas fell more than 8%. Previously, they had risen more than 30%.
[Updated at 19:12] The three major U.S. futures indexes were basically stable. Chinese concept stocks and new car-making forces all rose. The three major U.S. stock futures indexes were basically stable before the market opened. Dow futures rose 0.03%. S&P 500 futures rose 0.01%. Nasdaq 100 futures fell 0.06%.
Chinese concept stocks and new car-making forces all rose. NIO rose nearly 3%. Li Auto rose nearly 1%. Xpeng Motors rose 0.48%.
According to the news, Weilai’s second brand Ledo will be released at 19:30 tonight. The brand’s first model Ledo L60 will also make its debut and pre-orders will be opened simultaneously.
Meme stock mania continues. GameStop Corp. and AMC Entertainment Holdings surged for a third straight session.
European stocks were mixed. The consumer sector was lower. European stocks were mixed. The British FTSE 100 index fell by 0.32%. The German DAX index rose by 0.41%. The French CAC 40 index fell by 0.18%. The European Stoxx 50 index fell by 0.04%. .
In terms of individual stocks, Burberry fell after reporting a sales decline, dragging down the consumer goods sector.
Dutch bank ABN Amro fell more than 5% after announcing unchanged guidance, while Finnish refiner Neste Oyj tumbled as it cut profit margins on sales of renewable products.
The euro zone economy started the year stronger than expected. After a shallow recession in the second half of 2023, it grew 0.3% in the quarter to March.
The European Commission said that as economic growth picks up next year, inflation may fall back faster than previously expected.
Different from the possible path of interest rate hikes in the United States, French Bank of France Governor François said that the European Central Bank is likely to start cutting interest rates at its next policy meeting in June.
New York copper futures hit record high, gold extends rally New York copper futures rose to a record high after a short squeeze. The most liquid contract traded at a substantial premium.
Comex futures for July delivery once rose to US$5.1101 per pound, exceeding the historical high of US$5.0395 set in March 2022.
Gold continued its upward momentum from the previous trading day.