European equity close: Another day, another gain

Stoxx 600 +0.7% German Dax +0.9% France’s CAC +0.9% UK’s FTSE 100 +1.1% Spain’s Ibex +1.3% Italy’s FTSE MIB +0.8% FTSE 100 +1.1% The FTSE has been strong all year, and it continued its breakout today.

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Cleveland Fed median m/m CPI +0.4% vs +0.5% prior

The Cleveland Fed has published its median CPI figure based on the December data. It measures e one-month inflation rate of the component whose expenditure weight is in the 50th percentile of price changes. However, it is still well above target and a healthy +0.2% to +0.3% m/m reading.

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In 2023, Airlines Intersect with 4 Noteworthy Trends

Today, the spotlight is on the stock of American Airlines, which has experienced an impressive 5.4% increase. This marks an incredible beginning to the year for the company, whose shares have soared from $12.72 to $16.20, reaching the highest point since June. The airline industry is a good indicator of.

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Biden: For the past three months, annualized inflation is 1.8%

Gas prices have fallen for the sixth month in a row, [year over year]. Unemployment is at its lowest level in 50 years.

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US dollar takes it all back as yields turn higher

Currency trading is panicking in the aftermath of the CPI report. The euro rose to 1.0832 but has dropped most of its value to 1.0780. Because markets largely discounted a possible 50 basis point increase in February, the initial decline in the dollar occurred. Morgan Stanley, which issued a note.

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Stock markets start out strong but slip as investors mull over consumer price index information

At the start of the trading session, the main US indices were in the green, but those gains were swiftly wiped away as the market responded to the newly-released Consumer Price Index data. The overall CPI dropped by a tenth of a percent while the core rate, excluding food and.

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US dollar sinks after CPI

Yesterday, the price of one Euro rose 80 pips to 1.0833 from 1.0768 to hit a high. With that momentum, Fed official Harker’s comments that it is time to step up to 25 bps hikes, and the subsequent drop in the probability of a 50 bps hike on Feb 1,.

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US initial jobless claims 205K versus 215K estimate

Claims rose to 205,000 from an estimate of 215,000, up from last week’s estimate of 204,000. The four-week average is up to 215,500 from last week’s estimate of 214,250. The number of people who applied for initial unemployment insurance benefits rose to 1.687 million from 1.694 million last week. The.

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American Consumer Prices in December Show Year-Over-Year Increase of 6.5%, Meeting Forecast

Previous reading was at +7.1% Consumer Price Index decreased by -0.1% against the forecast of +0.0% The preceding month’s m/m was +0.1% Actual weekly salary increased by 0.1% compared to the prior +0.2% It can be said that the process of removing plagiarism from a text involves reformatting the structure.

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*Everyone* is expecting a weak CPI number to boost risk assets

There is a growing chance that this CPI report will be accidental. US equity futures are up 0.3% in the last four days. There is speculation that the upcoming Biden speech, which might occur following the CPI data, will be an announcement of victory. Because of this, the market is.

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Will we see something amiss again right before the US CPI release?

This was the move in S&P 500 futures in December (for the November release): One month may be a blip but two months of such price action, and there’s certainly something amiss with the report surely. The White House downplayed the potential for a leak last month but if we.

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European FX news wrap: Yen holds higher, markets await US CPI

US consumer price inflation figures are in the spotlight today The Japanese yen is still the most influential currency today The USD/JPY pair is trading lower due to apprehensions about the Bank of Japan According to a survey, China’s GDP growth is forecasted to rebound to 4.9% in the upcoming.

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