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US CPI Inflation and Consumer Confidence Data: Macro Week Ahead
As the dust settled on another week of fiery headlines from Washington DC, a cautiously positive tone seemed to prevail across financial markets. Stocks finished the week on the upside, with the bellwether S&P 500 adding 1.5%. The tech-tilted Nasdaq 100 performed a touch better with a rise of 1.9%. Bond yields rebounded across the Treasuries curve, with ten- and two-year rates rising 2.5% and 3.5% respectively. Cycle-sensitive crude oil prices surged, posting a 6.2% gain that brought them to a six-week high. A pro-growth message seemed to emanate from currency markets too as the euro rose while the Japanese yen fell ... (full story)