Look ahead: Adobe; Crest Nicholson; US producer price index; US initial jobless claims
Brace for more US dollar volatility with producer price index data and the latest print on US initial jobless claims. On the earnings front, Adobe, Crest Nicholson and Virgin Money report.
(AI Video Summary)
Economic data and forex news
In the financial "Look ahead" to Thursday, 13 June, provided by Angeline Ong, key data points include Australian consumer confidence and unemployment figures, coupled with eurozone industrial production data showing a 2.7% monthly increase for April.
In the US, inflation reported a 3.3% year-on-year increase, with unchanged consumer prices in May - an unexpected event primarily influenced by gasoline prices. This has influenced Federal Reserve's stance to keep rates unchanged, watching inflation trends closely before any future rate cuts, potentially delaying beyond September.
Meanwhile, the US dollar shows weakness, impacting euro value and reacting to less-than-expected consumer price rises.
Stock market news
In the stock markets, Adobe highlighted AI-related challenges, affecting its financial outlook and stock price, which has seen substantial decline. The video also previewes future data releases and earnings reports from significant firms including Virgin Money, Crest Nicholson, and Adobe, which continues in focus due to its AI integration issues.
This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only
