On Thursday (February 12), the market's attention turns to the US PPI data to be released tonight. Ahead of the data release, US stock futures showed a slight risk-on sentiment, with the three major stock index futures rising, though precious metals, the dollar, and crypto assets showed weakness.
Pre-Market: All Three Major Stock Index Futures Rise, Funds Bet on "Controllable Data"
In pre-market trading, the Nasdaq 100 futures slightly rose, the Dow 30 futures increased over a hundred points, and the S&P 500 futures also climbed. Overall, it seems the market is engaging in "light probing" before the release of key inflation indicators, awaiting data to confirm the direction.
Commodities: Gold and Silver Slightly Retreat, Oil Extends Gains from Previous Session
Signs of cooling in safe-haven assets appeared: gold hovered above $5000, and silver retreated to around $83.72. In contrast, oil prices maintained their upward momentum, with US oil around $65.03 and Brent oil approximately $69.78.
Forex and Crypto: US Dollar Index Weakens, Bitcoin Wobbles at a Low Level
In forex, the US dollar index briefly fell to around 96.85. The crypto market exhibited cautious sentiment, with Bitcoin consolidating at a low level around $67,000, showing relatively constrained volatility.
Tonight's Focus: How PPI Will Influence "Interest Rate Expectations" and Cross-Asset Pricing
The market's attention will be on whether the PPI data strengthens or weakens inflation pressure assessments: if price levels rise again, interest rate paths and valuation discounts might be repriced; conversely, easing of tightening concerns could provide room for stock indices to continue rebounding.
