Futures remain higher following producer prices report Stock futures remain higher following the release of the producer prices report. The data showed that prices rose 0.4% overall versus expectations of an increase of 0.2%. The core reading, which removes food and energy, rose 0.2% versus expectations of an increase of 0.2%.
U.S. PPI Preview: U.S. PPI Preview: June PPI is expected to rise 0.2% (median 0.2%) with a flat core index figure (median 0.2%). The 0.2% May PPI drop with a 0.1% core price decline unexpectedly trimmed the outsized 0.5%-0.6% gains over the prior two months for both measures, thanks to larger than expected downside May corrections in all the major aggregates after prior big overshoots. The trade price report revealed the expected June drop in food export prices and boost in oil import prices that allowed divergent headline swings, though price declines for natural gas depressed the ex-oil and ex-food trade price measures.
Dallas Federal Reserve Bank President to speak on monetary policy Dallas Federal Reserve Bank President Fisher speaks on "Monetary Policy and the Maginot Line" in a meeting being held at the Annenberg School for Communication in Los Angeles on July 16 at 12 pm.
The Cato Institute to hold a conference After Dodd-Frank: The Future of Financial Markets will be held in Washington, D.C. on July 16-17 with webcasted presentations to begin on July 16 at 10 am. Webcast Link