Most Asian shares ventured into negative territory this morning while European stocks markets have opened up marginally lower open after the December U.S. inflation report reinforced Fed rate hike expectations.
The U.S. consumer price index (CPI) jumped 7% year-on-year, matching the median forecast from economists surveyed by Bloomberg and up from 6.8% in November. Core inflation, which strips out volatile items like food and energy, rose 5.5%, well above the 4.9% reported in the previous month.
Markets initially offered a calm reaction to the hot report with Wall Street closing… Read More:
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