Market Overview - Page 92

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.

Inflation data from Germany yesterday and today reinforce hopes that the inflation wave is rolling back faster than expected. Whilst the early success does not promise a quick win, it does raise prospects that high inflation expectations have been avoided..

The S&P 500 index peaked in the first trading session of 2022, and it would be naive to expect the index to start rising from the first days of the new year. The stock markets may experience some pressure in.

Market picture Bitcoin has declined slightly over the past 24 hours – the bulls have still not decided to go on the offensive. Perhaps it is because of an overhang of selling orders from struggling miners. The first cryptocurrency is.

Japan boasts one of the slowest consumer price rises in the developed world. Data published Friday morning showed a 3.8% increase in prices in November compared to a year earlier, excluding fresh food and energy prices, an increase of 2.8%.