• Latest
  • Trending
  • All
A mixed start to the week in the global markets

Stocks off highs as inflation fears mount

November 10, 2021 10:47
Equities struggle amid economic and China-related concerns

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
Dollar lacks upside momentum due to lower Treasury yields

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
Stocks gain, dollar eases ahead of job market data

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
Dollar lacks upside momentum due to lower Treasury yields

Dollar tries to shrug off the pressure

December 26, 2022 05:13
Investors spooked by strong US data

Investors spooked by strong US data

December 23, 2022 11:55
Dollar lacks upside momentum due to lower Treasury yields

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
Risk demand reemerges cautiously, but caution remains in place

Risk demand reemerges cautiously, but caution remains in place

December 21, 2022 08:49
Dollar lacks upside momentum due to lower Treasury yields

US dollar resists selling pressure

December 20, 2022 10:44
Market sentiment dented by recession fears

Market sentiment dented by recession fears

December 19, 2022 02:53
Dollar lacks upside momentum due to lower Treasury yields

Greenback stays on the defensive nearly across the board

November 16, 2022 05:34
Investor sentiment improves, but gains limited

Investor sentiment improves, but gains limited

November 15, 2022 05:46
Dollar lacks upside momentum due to lower Treasury yields

Dollar licks wounds after plunge

November 14, 2022 05:05
  • Terms & Сonditions
  • Contact
Saturday, January 28, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
No Result
View All Result

Home » Stocks off highs as inflation fears mount

Stocks off highs as inflation fears mount

by Stephen Soo
November 10, 2021 10:47
in Fundamental analysis
0
A mixed start to the week in the global markets

Chinese CPI grew at the fastest pace since September 2020

On Tuesday, the report showed that US PPI rose 0.6% month over month, in line with estimates. From a year ago, wholesale prices rose 8.6%, their highest annual pace in records going back nearly 11 years. Against this backdrop, investors switched into a profit-taking mode ahead of key inflation data, thus pushing the leading Wall Street indexes off record highs seen at the beginning of the week. As such, the S&P 500 slid 0.4%, the Dow Jones shed 0.3%, and the tech-heavy Nasdaq lost 0.6%.

Following suit, Asian stocks were broadly lower on Wednesday, with China-related concerns adding to a more downbeat sentiment among regional investors. According to fresh data, factory gate prices in China rallied 13.5% year-on-year in October, while Factory gate prices in China have soared 13.5% year-on-year to October, while the CPI rose by 1.5% (the fastest pace since September 2020), up from 0.7% in September.

In Europe, however, the sentiment has improved somehow, with major indexes holding onto modest gains in early trading while US stock index futures managed to erase early losses. In individual stocks, Marks & Spencer shares rallied nearly 15% after the retailer posted strong third-quarter earnings. On the data front, Germany’s October final CPI came in at +4.5%m in line with the preliminary estimate.

In currencies, the dollar is mostly higher so far on the day as some demand has reemerged in anticipation of US inflation data due later today. The CPI is expected to show a 0.6% rise month-on-month, to 6% on a yearly basis, which would be the most in thirty years. Strong figures could push the greenback rallying across the market amid more aggressive expectations surrounding rate hikes by the Federal Reserve.

Tags: DOW JONESFederal ReserveNasdaqS&P 500
Share2Tweet2
ADVERTISEMENT
Stephen Soo

Stephen Soo

Stephen's specialty is fundamental analysis. He graduated from the Booth School of Business, the University of Chicago. Stephen currently cooperates with several news agencies, and on FWNews he publishes macroeconomic news and reviews on brokerage companies.

Related Posts

Equities struggle amid economic and China-related concerns
Fundamental analysis

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
16
Stocks gain, dollar eases ahead of job market data
Fundamental analysis

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
12
Investors spooked by strong US data
Fundamental analysis

Investors spooked by strong US data

December 23, 2022 11:55
11
Risk demand reemerges cautiously, but caution remains in place
Fundamental analysis

Risk demand reemerges cautiously, but caution remains in place

December 21, 2022 08:49
14
Market sentiment dented by recession fears
Fundamental analysis

Market sentiment dented by recession fears

December 19, 2022 02:53
13
Investor sentiment improves, but gains limited
Fundamental analysis

Investor sentiment improves, but gains limited

November 15, 2022 05:46
14

Leave Your Opinion Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Euro struggles below three-month highs, yen demand persists

Euro falls across the board, dollar on the offensive

May 22, 2020 10:27
17
Euro struggles below three-month highs, yen demand persists

Greenback mostly lower to start the week

June 22, 2020 09:24
14

Minutes of the Board’s discount rate meetings from May 18 through June 10, 2020

July 7, 2020 02:03
10

Ads

Shneider Electric

Most Popular

A slow start to the week in FX markets
Technical analysis

Dollar regains ground to start the week

January 25, 2021 07:25
118
A slow start to the week in FX markets
Technical analysis

Greenback advances modestly amid strong data

May 28, 2021 07:38
110
Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war
News

Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war

July 28, 2020 08:29
95
FWNews

Copyright © 2022 FWNews

  • Terms & Сonditions
  • Contact
No Result
View All Result
  • FUNDAMENTALS
  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage

Copyright © 2022 FWNews