📆 Wednesday, December 13
► European stocks rise with the Stoxx 600 up 0.25%. In the UK, we see disappointing economic data with the MoM GDP down to -0.3% from 0.2%, Industrial Production MoM at -0.8% from 0%, and Manufacturing Production MoM at -1.1% from 0.1%. Markets anticipates the Federal Reserve’s policy meeting (19:00 UTO+0) outcome. We will see dampened trading activity ahead of the Fed rate decision and following press conference.
► US futures rise, with the S&P 500 and Nasdaq 100 futures indicating gains, with the S&P 500 reaching its highest since January 2022. The VIX, which measures volatility in the market, approaches a four-year low. The consumer price index for the USA was published yesterday and was largely in line with estimates. However, the rapid disinflation that we are seeing in Europe and most other economies is not visible in the US. Core inflation in particular remains at a high level. There are signs that inflation will continue to rise slightly.US Treasury yields stabilize, influenced by strong bond sale demand. US Treasury Secretary Yellen expressed confidence in achieving the Fed's 2% inflation target.
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