US inflation surged in January at its highest level in four years, mainly on the recovery of the oil prices.
The consumer price index (CPI) jumped by 0.6% in January from the previous month and twice as much as economists’ forecasts.
consumer price index
Japan – January 31st 2017 07:30 (GMT+1)
Japan has posted today some macroeconomic data which painted a confusing picture about the activity’s in the third largest economy in the world.
The country’s industrial output grew for the second month in a row view of the increasing demand for Japanese goods, caused by by the weakening of the Japanese yen.
December industrial output rose by 0.5%, continuing a surge of 1.5% in November.
Other data released today indicate a decline in consumer spending, which may explain the expected slowdown in growth in the fourth quarter.
Japanese inflation data – January 27th 2017 07:15 (GMT+1)
Japanese inflation data released today
The core price index of consumer goods in December decreased by 0.2% compared to the same period in the previous year.
This indicates still on the state of deflation, which Japan finds it difficult to leave in three decades, but in November the index fell by 0.4% and we can see a change of trend in December.
Economists were expecting the index will drop by 0.3%.
The inflation rate in Japan is much farther away from the target of 2% set by the country’s central bank.
Wall Street’s new highs – December 28th 2016 07:00 (GMT+1)
Wall Street stock markets traded yesterday on a positive trend and the Nasdaq closed at the nominal peak, after the US consumer confidence jumped to a record 15 years.
Shares of technology, raw materials and retail sectors led the gains.
The Dow Jones went up by 0.1% and is now a distant quarter of a percentage point is considered the cutoff for 20,000 psychologically significant.
Market News Briefing – December 15th 2016 15:00 (GMT+1)
The consumer price index (CPI) in the US climbed by 0.2% in November from the previous month, the increase was in line with economists’ forecasts.
The first number of unemployment claims in the US fell last week and 254 thousand compared to 258 thousand in the previous week.
Economists had forecast 250 thousand claims.
Market News Briefing – December 9th 2016 12:30 (GMT+1)
The futures contracts on Wall street traded today (Friday) a positive trend
Today at 15: 00 (UK time) the preliminary figure of US consumer sentiment index will be published. and it is expected to be a figure of 94.3 points.
Market News Briefing – November 17th 2016 14:00 (GMT+1)
The US inflation data released today indicate the sharpest increase in the CPI in the US for six months.
The increase was recorded mainly due to increased fuel prices and rents, and it seems that the Fed was waiting for those data to be able to start raising the interest rates again in December – a year after it raised last time.
According to Labor Department data, the US consumer prices in October rose by 0.4% compared to September, and at an annual rate of 1.6%.
This is the sharpest annual increase since October 2014.
In September, the index increased by 0.3%
Another statistic that may delay the interest rate in the US is the core inflation, the CPI excluding energy and food, which is the main measure pursued by the Federal Reserve.
The core’s inflation rose in October by 0.1% compared to September, and the annual core inflation rate slowed to 2.1% compared to 2.2%.
Market News Briefing – November 15th 2016 10:45 (GMT+1)
The English pound rate against the US dollar has been declining for the second day after data released today showed unexpectedly that UK inflation slowed in October. The pound weakened against all 16 major currencies.
The consumer price index in October was 0.9%, compared with 1% in September.
Market News Briefing – Oct. 31st 2016 14:15 (GMT+1)
U.S. Consumer Spending Rose 0.5% in September, a sign of resilience among households amid middling economic growth.
Market News Briefing – Oct. 28th 2016 07:45 (GMT+1)
Japan – The consumer price index in September dropped by 0.5% compared to the year, which consistent with the expectations of analysts, and it is the seventh consecutive month of declines.
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