July 18 (Bloomberg) -- Consumer prices in the U.S. rose 0.2 percent in June, the smallest gain in five months, as gasoline prices retreated from a record.
The increase in the consumer price index followed a 0.7 percent rise in May, the Labor Department said today in Washington. Core prices, which exclude food and energy, rose 0.2 percent and were up 2.2 percent from a year earlier.
With oil above 74, that report looks dated. Futures barely moved on the news and are still in the red. YM has resistance at 14012, ES found support overnight at its weekly pivot. Yields are down.
EIA inventories at 10:30 are now critical. Bulls need to see oil drop.
The increase in the consumer price index followed a 0.7 percent rise in May, the Labor Department said today in Washington. Core prices, which exclude food and energy, rose 0.2 percent and were up 2.2 percent from a year earlier.
With oil above 74, that report looks dated. Futures barely moved on the news and are still in the red. YM has resistance at 14012, ES found support overnight at its weekly pivot. Yields are down.
EIA inventories at 10:30 are now critical. Bulls need to see oil drop.
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on Wednesday, July 18, 2007 at 7/18/2007 08:33:00 AM.
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