On Tuesday, the most recent inflation data for Europe revealed a decline in the Consumer Price Index (CPI) to 2.4% on year in November 2023, down from October’s 2.9%, aligning with expectations.
The current economic environment is causing disruption to the retirement plans of many.
In the US, despite expectations of a flat reading, the latest CPI report showed prices rose by 0.1% in November 2023 from the previous month, as the cost of rents offset steep falls in gasoline.
The markets are experiencing a period of calm this week, following a month of strong performance in November.
Upon initial inspection, reports of US factory orders came in at a disappointing level, a survey showed on Monday.
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