US Macro Daily(Beta Mode)
Equities Advance Ahead of CPI Release
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| S&P 500 | 7,757.64 | +0.62% |
| Nasdaq 100 | 29,722.30 | +1.19% |
| Dow Jones | 54,036.93 | +0.28% |
| Russell 2000 | 3,034.49 | +1.10% |
| USD/JPY | 158.78 | +0.23% |
| EUR/USD | 1.16 | +0.30% |
| GBP/USD | 1.35 | +0.35% |
| Gold | 4,398.00 | +1.32% |
| WTI Crude | 79.25 | +1.37% |
| Bitcoin | 64,937.15 | +0.14% |
| US 2Y Treasury | 4.25% | +1.67% |
| US 10Y Treasury | 4.69% | +1.30% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
10-Year Treasury Yield | Type: macro_line | Percent: 4.69 (2026-08-06) | Range: 1.24–4.98 | Trend(6pt): 1.35,4.14,4.09,4.26,4.63,4.69
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Tuesday (2026-08-11) | |||
| ADP Employment Change Weekly | 15,000 | - | 04:15 |
| Existing Home Sales Level | 4.1m | 4.0m | 06:00 |
| Existing Home Sales Month-over-Month | -2.40 | - | 06:00 |
| API Weekly Crude Oil Stocks | 2.7m | - | 12:30 |
| Wednesday (2026-08-12) | |||
| MBA 30-Year Mortgage Rate | 6.81 | - | 03:00 |
| Core Inflation Rate Month-over-Month | 0 | 0.20 | 04:30 |
| Core Inflation Rate Year-over-Year | 2.60 | 2.50 | 04:30 |
| Inflation Rate Month-over-Month | -0.40 | 0.10 | 04:30 |
- US equities posted broad gains with Nasdaq 100 rising 1.19% as rate-cut expectations held steady.
- Treasury yields climbed, with the 2-year at 4.25% and 10-year at 4.69%, reflecting resilient growth views.
- Attention turns to Wednesday’s CPI print amid mixed global signals and upcoming housing data.
Yesterday's Recap
US equity markets extended gains on August 9 with the S&P 500 closing at 7,757.64, up 0.62%, while the Nasdaq 100 advanced 1.19% to 29,722.30 and the Russell 2000 added 1.10%. The Dow Jones rose 0.28% to 54,036.93 as technology and small-cap shares outperformed. Treasury yields moved higher, with the 2-year note yield reaching 4.25% and the 10-year yield at 4.69%.
The dollar firmed modestly against the yen at 158.78 while EUR/USD edged up to 1.16. Gold climbed 1.32% to 4,398.00 and WTI crude gained 1.37% to 79.25 amid supply concerns. No major economic data were released, leaving market direction driven by positioning ahead of inflation figures and steady Fed policy expectations.
The Day Ahead
Markets will monitor the ADP Employment Change report at 4:15 a.m. ET on August 11 for early labor-market signals ahead of the August employment report. Existing Home Sales data at 6:00 a.m.
ET are expected to show a modest decline to 4.04 million units, extending the prior month’s 2.4% drop. API crude oil inventory figures at 12:30 p.m. ET will precede the EIA release the following day.
On August 12, core CPI month-over-month is projected at 0.2% while the year-over-year rate is seen easing to 2.5% from 2.6%. Headline CPI is forecast to rise 0.1% month-over-month and 3.4% year-over-year. MBA 30-year mortgage rates and weekly energy inventory updates will round out the calendar.
Other Economic Notes
US GDP expanded at a 1.50% annualized pace in the first quarter and 2.10% year-over-year, supported by 6.72% retail sales growth through June. Unemployment remains contained at 4.10% while CPI stood at 3.46% year-over-year as of June. These readings suggest moderate expansion without overheating, keeping the policy rate at 3.63% appropriate for now.
Housing market softness and steady consumer spending point to a gradual cooling that aligns with the Fed’s dual-mandate goals. Equity strength reflects investor confidence in this soft-landing path despite elevated nominal yields.
