Market Talk – December 12, 2023
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 51.90 points or 0.16% to 32,843.70 Shanghai increased 12.00 points or 0.40% to 3,003.44 Hang Seng increased 173.01 points or 1.07% to 16,374.50 ASX 200 increased 36.30 points or 0.50% to 7,235.30 Kospi increased 9.91 points or 0.39% to […]
Europe’s economy is in a bad way. Policymakers need to react
European stocks and bonds have had a lot to deal with in recent years, not least war, an energy crisis and surging inflation. Now things are looking up. Germany’s DAX index of shares has added 11% since the start of November. Yields on French ten-year government bonds have dropped from 3.5% in October to 2.8%. […]
Despite CPI Uptick, Monetary Policy Remains Tight
Inflation rose slightly in November, according to the Bureau of Labor Statistics. The Consumer Price Index (CPI) grew 0.1 percent last month after remaining essentially unchanged in October. Year-over-year headline inflation was 3.1 percent; Excluding food and energy prices, it was 0.3 percent in November and 4.0 percent year-over-year. Continuously compounded annual rates, which likely […]
