US inflation data

2023 - 1 - 13

European stocks close at highest level since April 2022 after U.S. ... (CNBC)

European markets on Thursday closed at their highest level since April 2022, despite a choppy afternoon following the release of U.S. inflation data.

A rally with that length has not been seen in the tech-heavy index since September. The Japanese carmaker had already produced 9.5 million cars by November, according to Reuters. consumer price data for December. [Dow](/quotes/.DJI/) was down 0.1%. Those companies not only have solid ESG credentials, but also financial performance to boot. At 7794.04 points, the FTSE is inching closer to its all-time high of 7877.45 points. stocks](https://www.cnbc.com/2023/01/11/stock-market-news-futures-open-to-close.html) were lower after the open but swung to a gain toward midday, with the Dow Jones Industrial Average up 0.4%. [December CPI report](https://www.cnbc.com/2023/01/12/consumer-prices-fell-0point1percent-in-december-in-line-with-economists-expectations.html) was in line with economist expectations for a monthly dip of 0.1% but a 6.5% rise year-over-year. The U.K.'s FTSE 100 index gained another 0.9% after surpassing its 2018 heights in Wednesday's session. The U.S. The That compared to a 0.1% monthly gain in November and an annual pace of 7.1%.

Stocks rise, dollar stumbles after US inflation data (Moneycontrol.com)

U.S consumer prices fell in December for the first time in more than 2-1/2 years as prices fell for gasoline and other goods, suggesting inflation was on a ...

Louis Fed President James Bullard said the inflation data was a step in the right direction and the U.S. The market is pricing in a 96.2% chance of a 25 basis point hike, up from 76.7% on Wednesday. Crude prices rose in the wake of the data, getting an additional boost from optimism over China's emergence from its COVID-19 restrictions creating additional demand.U.S. Richmond Federal Reserve president Tom Barkin echoed the sentiment about the data and said it allowed the Fed to "steer more deliberately". Still, a separate reading on the labor market showed weekly initial jobless claims came in at 205,000, below expectations of 215,000. On Wall Street, equities were choppy after the data, with the S&P 500 falling as much as 0.8% and then rebounding. banks, kicking off the fourth-quarter earnings season for S&P 500 companies. A gauge of global stocks climbed on Thursday while longer-dated U.S. economy was primed for disinflation this year, but the road back to the central bank's 2% target would be bumpy. Many market participants are looking for signs of weakness in the labor market as a signal of slowing inflation. U.S consumer prices fell in December for the first time in more than 2-1/2 years as prices fell for gasoline and other goods, suggesting inflation was on a sustained downward trend. Treasury yields and the dollar fell after a reading of consumer prices fed expectations the Federal Reserve may have leeway to scale back the size of future interest rate hikes.

Indian Morning Briefing: Asian Markets Rise After Soft U.S. Inflation ... (Morningstar.com)

The S&P 500 added 0.3%, while the Dow Jones Industrial Average gained 0.6%. The technology-heavy Nasdaq Composite Index rose 0.6%. Consumer-price inflation ...

Crude-oil prices slipped in early Asian trade after gains in the previous session, following the release of soft U.S. Crude-oil prices are likely to be up for the week, said Charu Chanana, a market strategist from Saxo in a note. The risk-on tone for the commodity is due to China's steady commitment to reopen its economy and Chinese buyers becoming more active in the physical market after import quotas were increased, she added. AUD/JPY dropped 0.2% to 89.84 and EUR/JPY was down 0.2% at 139.99. Gold prices were a tad higher in early Asian trade, slightly extending gains, following the release of U.S. However, given that gold prices have been climbing steadily since November, they could run out of momentum in the short-term, Oanda market analyst Edward Moya said in a note. The data showed that inflation is starting to cool, which could indicate that the U.S. Hong Kong's Hang Seng Index edged 0.2% higher to 21564.40 in early trade, supported by Wall Street gains overnight as sentiment was buoyed by upbeat inflation data. Consumer-price inflation slowed to 6.5% in December, down from 7.1% in November, the Labor Department said. The Hang Seng Tech Index was little changed at 4485.64. The Nikkei Stock Average was down 0.5% at 26312.40 in early trade, dragged by falls in auto stocks, as the yen strengthened against the dollar. USD/JPY was at 128.94, down from 131.63 as of Thursday's Tokyo stock market close.

Asian, European markets mostly up ahead of US inflation data... (The New Indian Express)

The consumer price index reading on Thursday is the key event for investors this week, though analysts warned that an above-forecast reading would deal a ...

"Energy traders should get used to seeing oil prices head higher," said OANDA's Edward Moya. However, SPI Asset Management's Stephen Innes said: "Recent surveys suggest that the first wave has already peaked in China. The consumer price index (CPI) reading on Thursday is the key event for investors this week, though analysts warned that an above-forecast reading would deal a hefty blow to confidence on trading floors. Last Updated: 12th January 2023 03:18 PM Published: 12th January 2023 03:18 PM The consumer price index reading on Thursday is the key event for investors this week, though analysts warned that an above-forecast reading would deal a hefty blow to confidence.

Asia markets rise as US inflation data boosts Fed slowdown hopes (CNA)

HONG KONG: Asian markets mostly rose again Friday (Jan 13) and the dollar remained under pressure after data showing another slowdown in US inflation ...

But we all know that the impact of tightening financial conditions is yet to bite, in terms of unemployment," she said in a briefing on the world economy. Advertisement

Shares boost as investors digest US inflation data (RTE.ie)

European shares rose in early trade, moving towards their highest point in nine months, as official figures showed the British economy unexpectedly grew in ...

"We see that in the equity markets. The markets are confident that inflation is dissipating very rapidly in the US. European banks are up 40% in the last three months," he explained. By my calculation, by May we should be well below 3% inflation in the US," he said. "Inflation peaked back in October in the USA. Please review their details and accept them to load the content.

Asian markets mostly higher, tracking Wall Street gains (Financial Post)

BANGKOK (AP) — Shares advanced Friday in Asia after news that U.S. consumer inflation slowed last month pushed Wall Street benchmarks higher.

Earnings reporting season is set to kick off in earnest Friday, with JPMorgan Chase and UnitedHealth Group among the day’s headliners. A strong job market is of course good for workers, particularly when their raises have been failing to keep up with inflation. That’s an indication layoffs remain low even though some big tech companies have made high-profile announcements on job cuts. Inflation has been easing for six straight months. Analysts warned investors not to get carried away. Such increases can stifle inflation, but they do so by slowing the economy and risk causing a recession. The Russell 2000 picked up 1.7%, to 1,876.06. Small company stocks outpaced the broader market. The Dow Jones Industrial Average gained 0.6% to 34,189.97. Hong Kong’s Hang Seng rose 0.2% to 21,549.42 and the Shanghai Composite index climbed 0.6% to 3,181.09. The country’s politically sensitive trade surplus expanded by 29.7% from 2021â²s record, already the highest ever for any economy. Article content