Omicron and inflation

There was little change in the financial markets last week. Equity markets ended the year near their highs, long rates continued their very slow rise and the euro strengthened slightly against the dollar. So despite the uncertainty and risks surrounding the Omicron variant, it seems that optimism continues to prevail.

Very few economic indicators were released: US jobless claims fell back below 200k and China’s PMIs were virtually unchanged in December. It seems that the economic theories of the Turkish President are being challenged by the inflation figures: 36% in December, “despite” the interest rate cut. A direct consequence of the collapse of the currency.

Energyscan economis news

Manufacturing PMIs will be published today: they could be revised downwards from their first estimate due to the impact of Omicron.

Share this news :

You might also read :

May 10, 2022

Prices extended losses

European gas prices extended losses yesterday, still pressured by weak demand and strong LNG supply. The drop in coal prices (-4.37% for API2 1st nearby prices,…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

🏆 You like our solution ?

Vote for us at the 2024 Energy Risk Commodity Rankings, in the Research category!

Thanks in advance.

Don’t have an account yet?