US CPI data for the month of December fell in-line with expectations in anticipation of bank earnings, providing an initial lift to S&P 500. Can SPX clear 4000 to move higher?
The local bourse’s main index ended the week’s first trading day sideways but the peso weakened to a United States dollar ahead of the policy meetings of
OPEC+ is likely to stand pat on output policy. US University of Michigan sentiment data will be eyed for consumer inflation expectations. China will release trade and CPI numbers. RBA is seen hiking 25bps, analysts are more split on BoC.
Earnings season and mid-term elections can be a catalyst for the next short-term move in stocks. Click to read the latest edition of the Week on Wall Street.