📆 Thursday, July 20
► US futures fell in pre-market trading following mixed reports from Tesla, Netflix and IBM.
► Germany's producer prices in June 2023 unexpectedly rose by 0.1% year-on-year, outperforming market estimates of a flat reading, but marking the lowest producer inflation since November 2020. On a monthly basis, producer prices fell by 0.3%, which is less than the forecasted 0.4% drop. Still, signs of easing inflation remain very visible.
► USD weakened against all of its G10 counterparts due to speculation that the Federal Reserve's hiking cycle may have peaked as inflation eases. Goldman Sachs Group strategists maintain that USD depreciation will likely be slow and subdued throughout the year.
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