June 16, 2024

The Catholic Transcript

Complete News World

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The global market does not follow any specific direction on Wednesday; Investors await US inflation data

Global stock exchanges are marking a day of caution this Wednesday, the 13th, concerned about inflation Beyond the problems with Chinese developers and the development of the US debt ceiling.

Asian markets closed in a mixed fashion, while European bourses and US futures remained unmarked, with investors waiting to release data from inflation Consumer Price Index (CPI), which will be released at 9:30 am.

In addition, the start of the quarterly balance sheet season for US companies and banks will catch the market’s attention in the coming weeks.

The day before, 12, the US House of Representatives approved a measure to raise the country’s debt ceiling by $480 billion – 219 votes in favour, with a count of 206. President Joe Biden’s penalty.

In the eurozone, industrial production fell by 1.6% in August compared to July, but rose by 5.1% compared to the same period in 2020. The data was published by the European Statistics Agency (Eurostat). In July, industrial production rose 1.4% m/m and 8% y/y (adjusted data).

In Germany , inflation To the consumer was within expectations by the market, rising by 4.1% in September compared to the same period in 2020.

a inflation It was recorded in September and is the highest since December 1993, according to Destatis. The figure was driven by the prices of energy (+14.3%) and natural gas (+5.7%), amid a crisis supplying these inputs in Europe. In the monthly comparison, CPI was flat, confirming the preliminary reading.

As for commodities, the price of a barrel of oil is falling, waiting for the release of US oil inventories, which will be released tomorrow. Iron ore prices fell sharply on the Dalian Stock Exchange.

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In Brazil, investors should remain aware of the impact of inflation Rise in economic recovery, in addition to the upcoming swing season. The drop in commodities could negatively impact Petrobras, Vale and Steelmakers shares.

The domestic economic calendar is very weak, with no relevant indicators to be announced.

However, overseas investors will follow, focusing on US inflation data, as well as the minutes of the recent Federal Open Market Committee (Fomc) meeting of the Federal Reserve (Fed, US central bank).