Markets Are Rallying Around The World, But The US Is Down Ahead Of The Huge CPI Report

The rally continues around the world.

Shanghai was up modestly. India gained a whole percentage point. Hong Kong was up a solid 0.6%. And Europe is doing nicely, too. Spain’s IBEX is up nearly 0.5%.

But the US is down, with the NASDAQ leading the way, a situation obviously heavily impacted by the chatter about Steve Jobs’ health.

All eyes are on the big CPI report due out at 8:30. After yesterday’s big 0.5% jump in core PPI the question is, will we see inflation in the US or margin compression. We find out soon.

Oil, meanwhile, continues to look pretty weak.


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

moneygame-us oil