LIVE MARKETS-And CPI matters again, how 2024

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AND CPI MATTERS AGAIN, HOW 2024

It's feeling a bit 2023/2024ish today with investors actually caring about U.S. CPI.

That's a change from much of this year when it's been tariff news that has pretty much driven everything, and a reminder of last year, when investors' changing views on when the Fed would start cutting rates were all that seemed to matter.

"Markets appear to be shifting their focus - at least temporarily - away from headline-driven tariff risk and back to the macro data that really matters," said Jeff O’Connor, Head of Market Structure – Americas at Liquidnet, in emailed comments.

"With CPI due tomorrow and PPI following on Thursday, investors are bracing for the first hard evidence of how recent trade policies may be filtering into inflation.”

"Any major upside surprise in the data could reignite volatility in a big way - both real and implied. The market has rebounded more than 20% from its April lows, and that kind of run-up leaves very little cushion for bad news."

(Alun John)

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EUROPE BEFORE THE BELL: STOCKS SHRUG OFF HEFTY NEWS FLOW CLICK HERE

MORNING BID: SO, IT'S A FRAMEWORK FOR A DEAL, MAYBE? CLICK HERE