Day Ahead - Top 3 Things to Watch

Day Ahead - Top 3 Things to Watch  | Jul 11, 2019 21:22

Day Ahead - Top 3 Things to Watch -- Here's the three things that could rock markets tomorrow.

Wholesale Inflation on Tap

Wholesale inflation figures arrive Friday, a day after U.S. consumer prices topped economists’ expectations.

The Labor Department will issue the June producer price index (PPI) report at 8:30 AM ET (12:30 GMT). On average, economists expect that the PPI rose 0.1% last month with the core PPI, which excludes volatile food and energy prices, rising 0.2%, according to forecasts compiled by

That would bring year-over-year PPI growth to 1.6% and core PPI growth up 2.2%.

The PPI is considered a leading indicator, measuring the input prices for goods sold at a retail level.

Rig Counts on Tap

The weekly installment of drilling activity from Baker Hughes on Friday will provide investors with clues on U.S. oil production, which remains a notch above record highs.

Data last week showed the number of oil rigs operating in the US rose fell by 5 to 788.

The weekly rig count is an important barometer for the drilling industry and serves as a proxy for oil production and oil services demand.

Crude futures on Thursday settled 23 cents lower, or 0.4%, at $60.20 a barrel, as OPEC's forecast for slower crude demand next year exacerbated fears of a surplus in crude supplies, which would weigh on oil prices.

China Trade Data in Focus

Traders will look to China’s June trade data for clues about the health of the world’s second largest economy, with both exports and imports forecast to show a decline.

China’s exports are expected to have declined by 2.0% year-on-year, from 1.1% rise in May, while the decline in imports is forecast to have slowed to 4.5% following an 8.5% slump in May.

The faster fall in imports than exports is expected to widen the country’s trade surplus.

Related News

Latest comments

Add a Comment
Please wait a minute before you try to comment again.
Write a reply...
Please wait a minute before you try to comment again.

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

English (USA) English (India) English (Canada) English (Australia) English (South Africa) English (Philippines) English (Nigeria) Deutsch Español (España) Español (México) Français Italiano Nederlands Português (Portugal) Polski Português (Brasil) Русский Türkçe ‏العربية‏ Ελληνικά Svenska Suomi עברית 日本語 한국어 简体中文 繁體中文 Bahasa Indonesia Bahasa Melayu ไทย Tiếng Việt हिंदी
Sign out
Are you sure you want to sign out?
Saving Changes


Download the App

Get free real time quotes, charts and alerts on stocks, indices, currencies, commodities and bonds. Get free top of the line technical analysis/predictors. is better on the App!

More content, faster quotes and charts, and a smoother experience is available only on the App.