Producer Prices, Retail Sales, Oracle: 3 Things to Watch

By Dhirendra Tripathi — Stocks wavered as investors await word from the Federal Reserve later this week on the direction of its monetary policy.

After hitting all-time highs, the slipped on concerns the Fed could start talking about cutting back on its bond buying at some point in the near future after evidence of an uptick in inflation.

Fed officials have said they believe higher prices are transitory as the U.S. economy tries to come back from the pandemic, though some analysts say the pressure is rising on the central bank. Treasury yields have been falling in recent days.

Paul Tudor Jones told CNBC on Monday that if the Fed doesn’t acknowledge the recent jump in inflation, it would be the “green light to go heavy on the inflation trade,” such as gold, bitcoin and cash.

Despite a jump in oil prices to more than two-year highs, energy stocks failed to capitalize.

President Joe Biden is attending a meeting of NATO allies on Monday ahead of his much-anticipated meeting with Russian President Vladimir Putin on Wednesday. This is Biden’s first foreign trip as president, stopping first in the U.K. over the weekend to meet G-7 leaders and Queen Elizabeth II.

Here are three things that could affect markets tomorrow.

1. Producer prices

Prices paid by companies to are expected to rise by 0.6% in May from the levels in April, according to analysts tracked by That would match the increase from the prior month.

Year-over-year, the is expected to have spiked by 6.3%, the largest increase since the agency started tracking the data in 2010. It had jumped 6.2% on a yearly basis in April.

Read More   Japan shares higher at close of trade; Nikkei 225 up 0.37%

2. Retail sales

in May, a number that excludes automobiles, are seen rising 0.2% from the prior month. They had contracted by 0.8% in April. Overall, are expected to dip 0.7% for the month after being flat previously. 

3. Oracle earnings

It’s a mostly quiet week for earnings, and most investors are focused on the Federal Reserve’s policy meeting, but there are a handful of tech reports. One comes Tuesday from Oracle Corporation (NYSE:), which is seen posting earnings per share of $1.31 on revenue of $11.02 billion for the fourth quarter ended May 31.


Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.