iSAM Securities Apex Integrates with CMC Markets to Expand Low-Latency Liquidity Access for Brokers

U.S. Producer Price Index (PPI) data surprised to the downside, falling 0.3% in June and bringing annual PPI to 5.5%. Following the softer CPI reading earlier this week, the weaker producer inflation data further reinforced expectations that the Federal Reserve may not hike rates in the near future.

Equity markets came under pressure as rising oil prices strengthened expectations that the Federal Reserve may need to keep policy tighter for longer. South Korea's Kospi has fallen 9.23% this morning, while Nasdaq 100 futures declined 1.3%, and European equity futures pointed to a weaker open.

Oil prices climbed 7.13% yesterday to $83.20 and continued to rise in this morning's session to $84.51 as tensions between the U.S. and Iran intensified, renewing concerns over global energy supply and inflation.