Market Analysis: Unexpected Upward Inflation in the United States is Unlikely to Occur

On July 11, Jin10 Data reported that US stock index futures fell slightly on Thursday, as traders awaited the release of important inflation reports in the United States. Economists expect the Consumer Price Index (CPI) for June to rise by 0.1% month-on-month and 3.1% year-on-year. This continues the positive trend of inflation in May, with the previous report showing inflation unchanged month-on-month and rising 3.3% year-on-year. Mike Bailey, Research Director at FBB Capital Partners, said, ‘With inflation easing, I think the performance of some large tech stocks on Thursday may be better.’ ‘Any unexpected increase in inflation would be a downside surprise for the market. I don’t think this will happen, although it is a possibility.’