The market is waiting for US inflation figures

No significant news yesterday. US equity markets did find the resources to go a little higher on speculation that Joe Biden may decide to appoint Lail Brainard to replace Jerome Powell as Fed chair. This would probably ensure an even more accommodative bias in monetary policy, but it is unlikely that he would risk destabilising the Fed at this time.

The release of US producer prices today and consumer prices tomorrow will focus the markets’ attention back on their main concern: inflation. The NFIB survey will also be of interest on the pricing and wage setting behaviour of US small companies.

In Europe, the ZEW survey will be published in Germany. September’s foreign trade figures confirmed this morning the trend of shrinking exports and foreign surplus, mainly due to supply problems limiting production in the automotive sector.

EbergyScan economics news

The euro strengthened slightly to around USD 1.16, but the trend remains stable.

Share this news :

You might also read :

ES-economy
January 10, 2022

Towards a Fed rate hike in March

The US economy added fewer jobs than expected in December, but the overall figures reflected a near-full employment situation with increasing wage pressures. The main…
ES-power
June 29, 2021

EUAs rebounded after an early weakness

The European power spot prices edged up yesterday as the higher fuels and emissions price combined with the expectations of stronger power demand offset the…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Don’t have an account yet? 

[booked-calendar]