15th January 2018
Global equity markets continued their upward trend this week helped by economic data.
While US CPI inflation slowed in December to 2.1% from 2.2% in November, the core rate was slightly hotter than expected, rising to 1.8% from 1.7% previously. However, US wholesale prices fell in December for the first time in more than a year on declining costs for services; a potential sign that inflation pressures may start to ease going forward.
This week coming we have the Fed’s Beige Book, while US jobless claims will give a clearer signal as to whether the December hiring lull has carried on. In addition we have UK CPI, PPI and retail sales and eurozone CPI.
Ian Copelin, Investment Director