Inflation worries are expanding fast around the world.
USA’s strong job market numbers were treated as strong sign of another wave of inflations. Later this week, US and other countries will have their CPI, inflation numbers of March.
If March’s CPI number is strong, then FED will seriously look for the possible excuses of postpone the rate cut in June.
Today, Hamas have rejected ceasefire offer from Israel, raised the Middle East tensions higher. Higher oil prices will raise the possibilities of inflations back.
Let’s wait and see..
US stock markets were sidelined mostly, waiting for clearer signs of macro numbers.
DJ Index was downed by 0.03%, S&P 500 index was downed by 0.04% and NASDAQ index was up 0.03%.
US markets are waiting for some good news from other world but mostly quiet.
Ms. Yellen has visited China recently and told them, not produce a lot and not to produce too cheap… It seems like Chinese don’t really like her way of talking though…
