Market insights

US Inflation Takes Pressure Off FED - MI120124

The US inflation number came in slightly higher than expected yesterday.

It caused a small storm in a teacup of volatility for Dollar rates, but calmed down quickly.

This takes some of the pressure off the FED to lower interest rates in March, and averted the potential big moves in the US stock market.

In the UK it was a mixed bag this morning also with the monthly GDP reading coming in 0.1% better than expected, but the annualised industrial and manufacturing production numbers coming in below predictions.

Today sees a relatively quiet day again for news. There's a speech from the ECB followed by the US producer price index. After that eyes will turn to the UK in the early hours of Monday for Rightmoves house price index.

Business news sees the spotlight return to the Red Sea where the UK and the US have now started air strikes on the Houthi rebels in an effort to stop the attacks on cargo vessels.

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Economic calendar

EUR: 12:30 ECB's Philip Lane Speech

US: 13:30 PPI Reading

UK: Monday 00:01 Rightmove House Price Index

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