Yahoo Finance
consumer prices, spending and sentiment are due this week—and they could shed light on whether improvements in June were significant enough to withstand geopolitical shocks.
The JulyConsumer Price Indexreading will land Wednesday.
The cost-of-living measureticked downin June—before the U.S.-Iran ceasefire fell apart and fighting in the Middle East escalated.
The conflict has curtailed oil shipments in the Hormuz and Bab el-Mandeb Straits, sending energy prices higher and putting upward pressure on other prices.
The CPI remains high by historic standards, as does theProducer Price Index, which tracks wholesale inflation.
The July PPI reading is due Thursday; The index dipped in June aftersurging in May.
Rising wholesale costs can be a sign that consumer prices will climb as businesses pass rising expenses along.
Retail and consumer sentiment data comes out Friday.
Consumer spending increased slightly in June, and the public mood recently brightened a bit, according to the University of Michigan's Survey of Consumer Sentiment.
Savings rates, however,hit a four-year low, and developments including chatter aboutan AI bubbleandnew tariffsmay have shifted consumers' outlook.
A strong Friday session helped lift all three leading U.S.
indexes to weekly gains as the July jobs report eased investor concerns about interest-rate hikes from the Fed.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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