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US CPI Inflation, Retail Sales, Consumer Confidence: Macro Week Ahead
Stock markets stalled last week, with the bellwether S&P 500 and the tech-tilted Nasdaq 100 down 0.4% and 0.5% respectively. Prices have idled in a narrow range since surging in thin trade after a seemingly solid US jobs report on July 3. Treasury bond yields edged higher at the long end of the curve and held steady at shorter-term maturities. Gold and crude oil prices continued to edge higher, though neither made meaningful progress on trade development. The yellow metal has languished in a range for the better part of three weeks, while the benchmark WTI contract continues to digest after an eye-watering plunge of ... (full story)