Yesterday’s rebound in world stock markets sputtered out overnight as indices turned downward once again with investors continuing to grapple with the potential for high inflation and a slowing economy. The Hang Seng plunged 2.5% in Asia Pacific trading, while
Investors had already been on tenterhooks about stagflation and yesterday after the European Central Bank announced a new interest rate hike program, raised inflation guidance and cut GDP guidance, and this morning, hot inflation numbers out of the US and
Things had been looking up for North American markets today but bullish hopes have been dashed in the last few minutes with markets turning downward on news that US inflation continues to rise, increasing pressure on the Fed to take
US index futures are popping this morning following the release of US consumer price inflation numbers. Although the numbers shows pressures continuing to build, particularly headline number rising to its highest level in nearly 40 years (6.8% in line vs
US index futures have been rallying since the US consumer price report came out at 8:30 am EDT and are now up 0.1%-0.2%. The US Dollar Index basket has been falling on the news and is now down 0.25% which
Today’s US inflation report has sparked a selloff in US indices in premarket trading. Headline consumer prices jumped more than expected (4.2% vs street 3.6% and previous 2.6%), sending NASDAQ futures to a 1.3% loss. On the other hand, the