{"id":2295,"date":"2025-08-15T07:52:19","date_gmt":"2025-08-15T07:52:19","guid":{"rendered":"https:\/\/ft365.org\/index.php\/2025\/08\/15\/daily-broad-market-recap-august-14-2025\/"},"modified":"2025-08-15T07:52:19","modified_gmt":"2025-08-15T07:52:19","slug":"daily-broad-market-recap-august-14-2025","status":"publish","type":"post","link":"http:\/\/ft365.org\/index.php\/2025\/08\/15\/daily-broad-market-recap-august-14-2025\/","title":{"rendered":"Daily Broad Market Recap \u2013 August 14, 2025"},"content":{"rendered":"<div dir=\"ltr\">\n<p>Markets swung wildly Thursday as hotter US PPI data crushed the \u201cdone deal\u201d narrative for a September rate cut, sending Treasury yields and the dollar higher.<\/p>\n<p>Stocks held firm, oil climbed, gold slipped, and traders braced for a packed Friday of data and the US\u2013Russia meeting.<\/p>\n<p>Here are headlines you may have missed in the last trading sessions!<\/p>\n<h2>Headlines:<\/h2>\n<ul>\n<li>US Treasury Secretary Bessent said <strong>BOJ is \u2018behind the curve\u2019<\/strong> on inflation, thinks the central bank would be hiking rates<\/li>\n<li>AUD Rallied After Jobs Report Pushed RBA Rate Cut Odds Toward November<\/li>\n<li> <strong>U.K. GDP<\/strong> growth rate prel for Q2 2025: 0.3% q\/q (0.1% q\/q forecast; 0.7% q\/q previous); 1.2% y\/y (0.7% y\/y forecast; 1.3% y\/y previous)\n<ul>\n<li>U.K. GDP for June: 0.4% m\/m (0.1% m\/m forecast; -0.1% m\/m previous); 1.4% y\/y (1.0% y\/y forecast; 0.7% y\/y previous)<\/li>\n<\/ul>\n<\/li>\n<li>U.K. industrial production for June: 0.7% m\/m (0.3% m\/m forecast; -0.9% m\/m previous); 0.2% y\/y (-0.2% y\/y forecast; -0.3% y\/y previous)<\/li>\n<li>U.K. goods trade balance for June: -22.16B (-21.5B forecast; -21.69B previous)<\/li>\n<li> <strong>Swiss producer &#038; import prices<\/strong> for July: -0.2% m\/m (0.1% m\/m forecast; -0.1% m\/m previous); -0.9% y\/y (-0.6% y\/y forecast; -0.7% y\/y previous)<\/li>\n<li> <strong>Euro Area GDP<\/strong> growth rate 2nd est for Q2 2025: 0.1% q\/q (0.1% q\/q forecast; 0.6% q\/q previous); 1.4% y\/y (1.4% y\/y forecast; 1.5% y\/y previous)<\/li>\n<li>Euro Area industrial production for June: -1.3% (-0.6% forecast; 1.7% previous)<\/li>\n<li> <strong>US Treasury Secretary Bessent denied pressuring the Fed<\/strong>, said he favors 25bp rate cut before accelerating<\/li>\n<li>Bessent said <strong>US won\u2019t buy more crypto<\/strong> for bitcoin reserve, will use seized assets instead<\/li>\n<li> <strong>U.S. initial jobless claims<\/strong> for August 9: 224.0k (228.0k forecast; 226.0k previous)<\/li>\n<li> <strong>U.S. PPI<\/strong> for July: 0.9% m\/m (0.2% m\/m forecast; 0.0% m\/m previous); 3.3% y\/y (2.5% y\/y forecast; 2.3% y\/y previous)\n<ul>\n<li>U.S. core PPI for July: 0.9% (0.1% forecast; 0.0% previous); 3.7% y\/y (2.7% y\/y forecast; 2.6% y\/y previous)<\/li>\n<\/ul>\n<\/li>\n<li>US President Trump said he\u2019s seeking an<strong> \u2018immediate peace deal\u2019 with Putin<\/strong> rather than ceasefire<\/li>\n<li>U.K. NIESR monthly GDP for July: 0.2% (0.1% forecast; 0.2% previous)<\/li>\n<li>U.S. Fed balance sheet for August 13: 6.64 (6.64 previous)<\/li>\n<li>San Francisco Fed President <strong>Daly<\/strong> said a 50bps rate cut in September doesn\u2019t seem warranted<\/li>\n<li>FOMC member <strong>Musalem<\/strong> thinks a 50bps rate cut would be unwarranted, said it\u2019s too early to make a call on September rate decision<\/li>\n<li>Richmond Fed President <strong>Barkin<\/strong> sees improved consumer spending in July<\/li>\n<\/ul>\n<h2>Broad Market Price Action:<\/h2>\n<p>The major assets were all over the charts Thursday after hotter US producer price inflation threw a wrench into September rate cut bets and pushed Treasury yields higher. July\u2019s PPI jumped 0.9% from the previous month, the biggest spike in three years, hinting that companies are passing tariff costs down the line.<\/p>\n<p><strong>Stocks<\/strong> on Wall Street barely budged despite the inflation jolt, with the S&#038;P 500 squeezing out a small gain to set another record close after dipping to 6,440 earlier in the day. Over in Europe, the DAX and CAC 40 both posted solid gains thanks to upbeat UK GDP data and optimism ahead of Friday\u2019s Trump\u2013Putin meeting in Alaska.<\/p>\n<p><strong>Treasury yields<\/strong> popped after the PPI report, with the 10-year moving up to 4.29% as traders dialed back September cut odds from \u201cdone deal\u201d to about 90%. <strong>Gold<\/strong> slid to $3,335 on a stronger dollar and rising real yields, while <strong>bitcoin<\/strong> sank to $118,000 after Treasury Secretary Bessent made it clear the US isn\u2019t buying crypto, only weighing what to do with seized assets. <strong>Oil<\/strong> went the other way, with WTI climbing to $63.95 on geopolitical jitters before the US\u2013Russia talks.<\/p>\n<h2>FX Market Behavior: U.S. Dollar vs. Majors:<\/h2>\n<p>The dollar started Thursday on a defensive footing as markets fully priced in a September rate cut following Tuesday\u2019s benign CPI data and Treasury Secretary Bessent\u2019s earlier dovish comments. USD\/JPY bore the brunt of early selling pressure, sliding toward 146.40 after Bessent criticized the Bank of Japan for being \u201cbehind the curve\u201d on inflation and urged rate hikes, compounding the pair\u2019s weakness from broad dollar softness.<\/p>\n<p>European hours saw modest dollar recovery, possibly as traders squared positions ahead of Thursday\u2019s US data releases. The real catalyst came when July PPI surged 0.9%, the sharpest increase in three years. The dollar immediately surged across the board, with the DXY jumping from around 4.27 to test 4.29 resistance.<\/p>\n<p>Bessent\u2019s subsequent clarification that he wasn\u2019t pressuring the Fed and favored starting with a measured 25 basis point cut before potentially accelerating further helped cement dollar gains. By London\u2019s close, the Greenback had stabilized near session highs, posting broad gains of 0.4-0.5% against major currencies, with the antipodeans suffering the steepest losses.<\/p>\n<h2>Upcoming Potential Catalysts on the Economic Calendar<\/h2>\n<ul>\n<li>Japan industrial production final for June at 4:30 am GMT<\/li>\n<li> <strong>Swiss GDP growth rate<\/strong> flash for June 30 at 7:00 am GMT<\/li>\n<li>Canada wholesale sales final for June at 12:30 pm GMT<\/li>\n<li>Canada new motor vehicle sales for June at 12:30 pm GMT<\/li>\n<li>Canada manufacturing sales final for June at 12:30 pm GMT<\/li>\n<li> <strong>U.S. retail sales<\/strong> for July at 12:30 pm GMT<\/li>\n<li>U.S. import and export prices for July at 12:30 pm GMT<\/li>\n<li> <strong>U.S. NY Empire State manufacturing index<\/strong> for August at 12:30 pm GMT<\/li>\n<li> <strong>U.S. industrial production<\/strong> for July at 1:15 pm GMT<\/li>\n<li>U.S. manufacturing production for July at 1:15 pm GMT<\/li>\n<li>U.S. University of Michigan consumer sentiment index for August at 2:00 pm GMT<\/li>\n<li> <strong>U.S. Michigan inflation expectations<\/strong> prel for August at 2:00 pm GMT<\/li>\n<li>U.S. business inventories for June at 2:00 pm GMT<\/li>\n<li>U.S. Baker Hughes oil rig count for August 15, 2025 at 5:00 pm GMT<\/li>\n<li>U.S.-Russia meeting on Ukraine peace deal scheduled today<\/li>\n<\/ul>\n<p>Traders head into Friday with plenty on their plates, and the day kicks off with Swiss GDP that could set the early tone in London.<\/p>\n<p>But the spotlight will quickly shift to a wave of US releases, from retail sales and import prices to factory output and Michigan sentiment, all dropping ahead of the highly anticipated US\u2013Russia meeting.<\/p>\n<p>As always, look out for global trade developments and geopolitical headlines that could influence overall market sentiment. Stay nimble and don\u2019t forget to check out our Forex Correlation Calculator\u00a0when taking any trades!<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Markets swung wildly Thursday as hotter US PPI data crushed the \u201cdone deal\u201d narrative for a September rate cut, sending Treasury yields and the dollar higher. Stocks held firm, oil climbed, gold slipped, and traders braced for a packed Friday of data and the US\u2013Russia meeting. Here are headlines you may have missed in the<\/p>\n","protected":false},"author":2,"featured_media":2296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news"],"featured_image_urls":{"full":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2295-20250814.USD_-780x380.png",780,380,false],"thumbnail":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2295-20250814.USD_-780x380-150x150.png",150,150,true],"medium":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2295-20250814.USD_-780x380-300x146.png",300,146,true],"medium_large":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2295-20250814.USD_-780x380-768x374.png",640,312,true],"large":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2295-20250814.USD_-780x380.png",640,312,false],"1536x1536":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2295-20250814.USD_-780x380.png",780,380,false],"2048x2048":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2295-20250814.USD_-780x380.png",780,380,false],"morenews-featured":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2295-20250814.USD_-780x380.png",780,380,false],"morenews-large":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2295-20250814.USD_-780x380.png",780,380,false],"morenews-medium":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2295-20250814.USD_-780x380-590x380.png",590,380,true],"crawlomatic_preview_image":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2295-20250814.USD_-780x380-260x127.png",260,127,true]},"author_info":{"display_name":"henry","author_link":"http:\/\/ft365.org\/index.php\/author\/henry\/"},"category_info":"<a href=\"http:\/\/ft365.org\/index.php\/category\/latest-news\/\" rel=\"category tag\">Latest News<\/a>","tag_info":"Latest News","comment_count":"0","_links":{"self":[{"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/posts\/2295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/comments?post=2295"}],"version-history":[{"count":0,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/posts\/2295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/media\/2296"}],"wp:attachment":[{"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/media?parent=2295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/categories?post=2295"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/tags?post=2295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}