Market Overview - Page 80

Britain, as previously with mainland Europe, is showing better than expected GDP performance, tempering expectations on the depth and duration of the looming recession. Monthly GDP estimates showed an unexpected growth of 0.1% in November after 0.5% in October, markedly.

China’s foreign trade data for December was another demonstration of why the government went for a loosening of covid restrictions. Exports last month were 9.9% below levels a year earlier, accelerating the decline from November’s -8.7%. Imports lost 7.5% to.

US consumer inflation data matched analysts’ average forecasts, but this did not prevent the markets from experiencing a spike in volatility. This mixed reaction to the economic report had previously only been seen in NFP reports or contradictory comments of.

US inflation data promises to directly impact Fed policy, to which the Nasdaq100 is the most sensitive among key indices. The heavy reliance of the index on inflation and a set of significant key levels makes us watch the Nasdaq100.

China picked up the torch this morning with the publication of national inflation data. In December, the consumer price index rose from 1.6% to 1.8% y/y. Producer prices, an important leading indicator for national and global inflation, are losing 0.7%.

The deflationary days in Japan will become history for at least the next few years. The released advance data from Tokyo yesterday pointed to a further acceleration in the year-on-year price increase. The overall CPI rose from 3.7% to 4.0%.

Gold is trading at $1875 per troy ounce – near the highs since last May. Having pushed back from the bottom in early November, the price has rallied by more than 15%, above $260, and so far, probably has yet.

Europe is climbing out of its economic hole. At least, this applies to business and investor sentiment. A new assessment from Germany’s Sentix marked a recovery of the investor confidence indicator from -21.0 a month earlier to -17.5 – a.

Data from the US on Friday supported risk appetite and provided a technically significant blow to the dollar against many of its peers. The monthly report showed that the US economy created 223k new jobs in December after 256k a.

The ADP said the US private sector added 235K jobs in December in a report ahead of tomorrow’s official data release. The market expected an increase of 150k after a rise of 182K a month earlier. The ADP commented on.

The first two trading sessions of the year have clearly shown that traders are sticking to the bearish patterns formed in the previous six months. Interestingly, oil is not even helped by apparent producer lethargy, which translates into stagnant production.

Market picture Bitcoin failed to break the $17K mark on Wednesday and has rolled back to $16.77K at the time of writing. Price fluctuations remain more than subdued. BTC remains slightly above its 50-day moving average (50-DMA). As capturing a.