Data On Consumer Price Inflation Set For Wednesday
It was a mixed session on Wall Street, with the Dow closing down around 44 points, but the Nasdaq closing up nearly 7 points. A slew of Federal Reserve officials spoke Tuesday, noting some improvements in financial markets but warning that it may be a while before normal functioning is restored. Wednesday, additional Federal Reserve officials will speak, and investors will be given access to data on consumer price inflation.
Crude Oil Adds To Record High
Oil soared again on Tuesday and added to its record high. Light sweet crude moved to $125.80, up $1.57 on the session. Oil moved as high as $126.98 at around 11:35 a.m. ET, a fresh record intraday high. In intraday trading, crude had touched as low as $123.10.
Dollar Gains On Euro and Sterling As Retail Sales Rise Ex-Auto
The dollar extended its multi-month highs against the sterling and firmed up a bit versus the euro as traders weighed a slew of economic data and speeched from Fed officials.
source: RTTNews.com
