Producers of metals, grains and other raw materials ticked up ahead of inflation data.
Raw materials gained ahead of inflation data, but lumber futures declined over 12% in two weeks as mortgage rate concerns reversed a six-month rally. Rising rates signal tightening credit conditions that may increase data center capex costs and extend hardware supply chain pressures.
Producers of metals, grains and other raw materials ticked up ahead of inflation data.
Concerns about rising mortgage rates caused a six-month rally in lumber futures to stall.
Lumber futures for September delivery shed more than 12% over roughly two weeks starting in late July.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
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