by Stockmarkt Today: Investors are waiting in the heavily viewed inflation print of July, originally appeared on TheStreet.
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Good morning. Futures are currently right as investors waiting for the July inflation report. It is at 8:30 am et and it is certainly a market mover.
At present, the Futures are modest higher, led by the Russell 2000. In recent days, the Growth Cap Index has led the peloton in futures, only to give up its win after the Belrings. It is followed by the Dow (+0.18%), S&P 500 (+0.12%) and Nasdaq (+0.10%).
There are 153 win reports for today, per tipranks, with at least 49 of them planned for this morning.
Among them are the sea -based sea ((Sequence)) Health Services Company Cardinal Health ((Cah)) and tents of music ((TME)) .
Here are some of the best reports about the docket today, regularly by Market Cap:
This morning, however, investors will be demonstrably larger than any winning report for new inflation data. In particular, analysts are looking for signs that accelerates inflation, a product of higher rate rates at the input.
This is what is today in the field of economic data, per action economy. Estimates are based on the consensus that has been tested by the platform.
NFIB Business Optimism Index (Prev: 98.6) (expected: 98.6)
The inflation data, which is drawn up and published by the Bureau of Labor Statistics (BLS), will certainly be the largest market movement of the day. The authenticity of the results themselves will also be a subject of serious consideration, partly because of the controversy around the desk in the past weeks.
Two weeks ago, President Donald Trump dismissed Dr. Erika Mcentarfer, the commissioner of the BLS, who criticized recent job figures as ‘error’.
Instead, Trump nominated the conservative loyalist EJ Antoni, the most important economist of the Heritage Foundation, a movement that could exacerbate the rising distrust of harsh economic data from the federal government. The move means politicizing information used by the FED, companies and households to make economic decisions.
