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CPI, G8 and Yahoo! Vialoux
Posted on June 13, 2008
U.S. equity index futures are higher in pre-opening trade. Dow Jones Industrial Average futures added 65 points. Futures improved slightly following release of the May Consumer Price report. Consensus was an increase in CPI of 0.6%. Actual was up 0.5%. Consensus for CPI ex food and energy was an increase of 0.2%. Actual was up 0.2%. The U.S. Dollar is a focus this morning. It is sharply higher in anticipation of action by G8 Finance Ministers to support the U.S. Dollar at its meeting in Japan over the weekend. Conversely, other currencies including the Japanese Yen, Canadian Dollar and the...
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