Markets continued to digest the Trump victory in the US election this week.
US bond yields continued higher, and the USD index strengthened to new highs now being up more than 6% since late September. However, US stocks were reversing some of the postelection gains. In commodity markets especially metal prices has taken a hit moving in tandem with Chinese equities as a trade war could provide a new hit to the Chinese economy. Oil prices were also slightly lower.
3% y/y. The details were to the soft side, though, and point to continued deceleration in inflation pressures. US small business confidence increased in October, albeit from a low level. It will likely rise further after Trump winning the US election – at least if his victory in 2016 is any guide. Euro activity data is still a mixed bag. Industrial production for September was soft but on a smoothed basis at least the decline is smaller than seen last year.
Currencies CPI Inflation Macroeconomics
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Markets Weekly Outlook – Attention Shifts Back to Data, US CPI in FocusMarket Overview Analysis by Zain Vawda covering: Euro US Dollar, Gold Spot US Dollar, US Dollar Index Futures, Gold Futures. Read Zain Vawda's latest article on Investing.com
Read more »
China is bracing for fresh tensions with Trump over trade, tech and TaiwanAs President-elect Trump prepares to start his second term in office, China is bracing for unpredictability in its ties with the United States and renewed tensions over trade, technology and Taiwan.
Read more »
Dow Jones, Nasdaq, S&P 500 weekly preview: Markets brace for Magnificent 7 reportsDow Jones, Nasdaq, S&P 500 weekly preview: Markets brace for Magnificent 7 reports
Read more »
Bitcoin's Next Move Predicted as Market Awaits Fed Rate DecisionCrypto markets bracing for rate cuts and Fed Chair Jerome Powell's speech
Read more »
Dow Jones, Nasdaq, S&P 500 weekly preview: Markets await CPI, retail sales dataDow Jones, Nasdaq, S&P 500 weekly preview: Markets await CPI, retail sales data
Read more »
European markets shift lower, heading for weekly decline; Bavarian Nordic sinks 17%European markets shifted lower during a choppy session Friday, as investors assessed fresh economic data and comments from U.S. Federal Reserve Chair Jerome Powell.
Read more »