Happy CPI-Day, with love, OPEC. | MarketTalk: What’s up today? | Swissquote

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The S&P500 slipped below its 50-DMA, as Apple’s new iPhone15 failed to spark buying interest for the heavily battered stock on Tuesday’s product reveal. Apple shares fell 1.70%. Oracle dropped 13.5%, the most in 21 years, after reporting slower cloud sales growth whereas investors were hoping AI to make numbers look more beautiful than what was announced.
In energy, US crude rallied past the $89pb, as OPEC forecasted a shortfall of around 3.3mbpd next quarter thanks to Saudi Arabia’s supply cut extension.
Today, the US will release its latest inflation update, and it will be very important in terms of where the Federal Reserve (Fed) expectations will be headed, especially for the November meeting. The headline inflation is expected to have ticked higher from 3.2% to 3.6% in August, due to the spike in energy prices, but core inflation may have eased from 4.7% to 4.3%.
How do you interpret the mixed set of numbers?
Listen to find out more!