Wall Street: the PPI attenuates features price

Wednesday before the opening of Wall Street, the concern persisted on the markets, fueled by the return of inflationary fears. Nevertheless, Even shy signs of price increases were enough to wave the anticipations of investors. However, Deutsche Bank has split a note deploring the “remarkable complacency” around certain assets in the face of inflationary risk.

The report on inflation published on Tuesday only confirmed the dominant mood to the federal reserve: prudent inertia. Nevertheless, The consumer price index increased 0.3% in a monthly rate: a wall street: ppi attenuates features movement neither shocking nor reassuring. However, The underlying inflation, a favorite indicator of the Fed, believed only 0.2%, below forecasts. In addition, Over one year, overall inflation increased to 2.7% (compared to 2.4% in May), while underlying inflation remained stable at 2.9%. Furthermore, The real impact of new customs duties on domestic prices remains, for the moment, difficult to identify. Moreover, In this nebulous context, the Fed seems decided to wait. Therefore, The probability of a drop in rates in September fell to 52%. Furthermore, compared to 59% before, a shift which reflects a resolved wait -and -see attitude. The markets could tolerate this uncertainty … for a time. It remains to be seen if Donald Trump will do the same with Jerome Powell.

The trigger for this new inflationary push? Donald Trump’s favorite weapons. Last episode to date: a 19% customs duty on Indonesian imports. It is wall street: ppi attenuates features only a section of a protectionist canvas, the complete deployment of which is planned by August 1. Brussels is already preparing his response.

The first tremors are felt on the side of American semiconductors: Applied Materials. Lam Research, Kla Corp and Teradyne saw their actions flanly. Their Dutch counterpart Asml darkened the prospects with a warning: the growth expected in 2026 may not materialize. And in this climate, uncertainty is the worst contagions.

On the banks side, on the other hand, the news is more encouraging. Bank of America surprised with an increase in his quarterly profits, a sign of agile piloting in turbulent markets. JPMorgan and Citigroup have also exceeded expectations, even if caution is reflected more than their margins. And then there is Johnson & Johnson. a loyal stallion of the American pharmaceutical sector, which exceeds forecasts and raises its annual sales targets of two billion dollars.

The wall street: ppi attenuates features production price index published this morning is added to this complex table. In June, production prices remained unchanged over a month, below 0.2% expected. Over one year, the increase is 2.3%, also below the consensus (+2.5%). These data reinforce the moderate reading of inflation provided Tuesday by the IPC. The dominant narration therefore remains the same: contained inflation, a prudent Fed, and pending markets. While waiting for a surprise, or a misstep.

On the Asia-Pacific side. this morning’s session was contrasting: the Nikkei and the Hang Seng barely evolved, while the South Korean Kospi sold 1.08%, the Australian ASX 0.82%and the Sensex Indian 0.19%. In Europe, the clues are mainly in green, and American term contracts are pale green.

The quotes of the day:

• Dollar Index: 98. 375
• Or: 3 335 USD
• Crude oil (Brent): 68,01 USD (WTI) 65,87 USD
• United States 10 years: 4,47 %
• BITCOIN: 118 723 USD

Business news:

• JPMorgan Chase announced a drop in wall street: ppi attenuates features its profits in the second quarter due to difficult comparisons with the accounting gains of the previous year.
• Citigroup has announced a 25 % increase in its profits through market volatility and improving prospects for the investment bank.
• Wells Fargo has announced solid results despite economic uncertainty.
• Boeing has concluded a trade agreement with Indonesia for the sale of 50 planes; India orders Boeing aircraft inspections.
• Gulf Air is considering a firm order of approximately 12 Boeing 787 Dreamliner, with an option to buy additional devices.
• Goldman Sachs announced an increase of 22 % of his profit in the second quarter, at 3.7 billion dollars, thanks to record revenues on action operations and the resumption of the investment bank.
• Morgan Stanley recorded a profit of 3.5 billion dollars in the second quarter. thanks to the vigor of income related to stock market operations which compensated for the decline in investment banking activities.
• Hewlett Packard Enterprise concluded wall street: ppi attenuates features a cooperation agreement with Elliott Investment Management. appointed Robert Calderoni, a veteran of the technological sector, within its board of directors.
• Bank of America has exceeded profits for the second quarter with $ 7.1 billion, thanks to solid gains on trading operations and the rise in interest income.
• Thermo Fisher Scientific acquires the Sanofi site in Ridgefield. New Jersey, as part of an extended partnership aimed at strengthening the production capacity of drugs in the United States.
• Apollo Global Management is in talks to invest in Atlético Madrid. with the possibility of acquiring participation in the Holding company of the club via a capital increase.
• Tesla has registered a new six -seat YL model in China. revealing a launch in the fall of the elongated wheelbase version.
• PNC Financial Services published a profit of $ 1.64 billion in the second quarter, exceeding expectations thanks to strong growth in loans and an increase in net interest wall street: ppi attenuates features income.
• Johnson & Johnson noted his forecasts for 2025 after sales. profits greater than the second quarter expectations, thanks to the excellent performance of his Medtech and Darzalex divisions (cancer drug).
• Anglogold Ashanti announced that it was going to acquire Augusta Gold Corp for Canadian $ 1.70 per share, valued the operation at around $ 197 million Canadian dollars.
• M&T Bank announced a 9 % increase in its profit in the second quarter. to $ 679 million, thanks to the increase in income from commissions and the reduction of provisions for losses on debts.
• First Horizon recorded a net profit up in the second quarter, at 233 million dollars, and raised its BPA to $ 0.45, thanks to the solidity of its operations and its geographic positioning.

Analysts recommendations:

• Airbnb, Inc .: Zacks notes its note as “neutral” to “outperform” and raises its target of courses from USD to 159 USD.
• Atlassian Corporation: Capital One Securities lowers wall street: ppi attenuates features his note to “overlap” to “neutral”. reduces its price of courses from 241 to 211 US dollars.
• Axalta Coating Systems: BMO Capital Markets lowers its “outperformance” note to “Performance in accordance with the market”. reduces its price of price from 51 USD to 33 USD.
• CNH Industrial NV: Goldman Sachs lowers its note to “buy” “neutral” and reduces its price of courses from 12.50 USD to 11.50 USD.
• Dexcom, Inc .: Zacks notes its “neutral” rating to “outperformance” and raises its price as a price from 92 USD to 98 USD.
• Fluor Corporation: Keybanc Capital Markets lowers the “overlapping” company to “sectoral weighting”.
• Gitlab Inc .: Capital One Securities lowers its recommendation to “overcome” to “neutral” and reduces its price of courses from USD 54 to 46 USD.
• Jacobs Solutions Inc .: Keybanc Capital Markets notes his note as “sectoral weighting” at “overlying” with a price of courses of USD 155.
• Phillips 66 : Citi lowers wall street: ppi attenuates features his note to “buy” at “neutral” with a price of courses noted from 126 USD to 130 USD.
• Farmers Market shades, Inc .: Zacks lowered his “outperformance” note to “neutral” and reduced its price of courses from 186 USD to 174 USD.
• Valero Energy Corporation: Citi lowers its note to “buy” “neutral” with a price of courses noted from USD to 150 USD.
• AMD (Advanced Micro Devices): Deutsche Bank maintains its “conserving” recommendation with a price of courses noted from 105 to 130 US dollars.
• Aptiv PLC: Barclays maintains its “neutral” recommendation and raises its price target from 65 to 85 US dollars.
• Citigroup Inc .: Piper Sandler & Co maintains its recommendation “overlap” and raises its price target from 84 to 104 US dollars.
• Datadog, Inc .: Cantor Fitzgerald maintains its recommendation “overlap” and raises its target from 134 to 171 US dollars.
• Ford Motor Company: Barclays maintains its “neutral” recommendation and raises its price of wall street: ppi attenuates features courses from 9 to 11 US dollars.
• Fortive corporation: Mizuho Securities maintains its “outperformance” recommendation and reduces the price of courses from 85 to 65 US dollars.
• GE VERNOVA Inc .: JP Morgan maintains its recommendation “overlap” and raises its target from 460 to 620 US dollars.
• General Motors Company: Barclays maintains its “neutral” recommendation and raises its price of course from 45 to 55 US dollars.
• Marathon Petroleum Corporation: Citigroup maintains its “neutral” recommendation and raises its target of course from 144 to 182 US dollars.
• Norwegian Cruise Line Holdings Ltd. : Goldman Sachs maintains his purchasing recommendation and raises his price target from 18 to 26 US dollars.
• Royal Caribbean Group: Goldman Sachs maintains his purchasing recommendation and raises his target from 260 to 364 US dollars.
• Unity Software Inc .: Jefferies maintains its purchasing recommendation and raises its price target from 29 to 35 US dollars.