Bullish on Copper, Chile, and ... Tel Aviv!
CPI takes center stage, copper joins gold on our bullish metals list.
Key Takeaways
All Eyes on CPI as Consensus Holds at +0.3%: The key number of the day is obviously the August CPI report — the consensus, not being swayed by the decline in the PPI, is sticking with a pair of +0.3% MoM readings on both the core and the headline numbers. The reason lies in the components of the producer price index, and the areas of the sharpest weakness do not apparently factor into the CPI.
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