According to the December US CPI report, the result was in line with expectations at +6.5% year-on-year. The initial jobless claims for the US came in at 205K, which was lower than the 215K predicted. Fed’s Bullard noted that US households are still holding ample funds which should help to.
The DAX in Germany is up 0.2%, the CAC 40 in France is up 0.4%, the FTSE in the UK is up 0.4%, the IBEX in Spain is up 0.5%, and the Eurostoxx in Europe is up 0.3%, but other currencies are mostly flat or slightly down as well. As.
The German DAX future contract rose by 0.2 percent Wednesday, following Tuesday’s positive momentum. We ‘ll see if the positive mood continues as we near the end of the day, as well as the US CPI data. On Wall Street, equity prices are looking optimistic ahead of the US CPI.