Equity bulls jittery, dollar sinks as investors digest inflation data

0
11
views

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:

For all Articles related to FXTM please click here

OPEN AN ACCOUNT WITH FXTM