AgFin Australia

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US markets were mixed as investors digest a rebound in interest rates

20 Feb 2023 – US stocks were mixed on Friday as stubbornly high inflation and a rebound in rates continued to weigh on investor sentiment. The recent strong economic/inflation data has pushed Treasury yields back up to a level that makes it very tough for the stock market to stay up at its current level – with a combination of higher yields and lower earnings estimates for 2023, it creates some more renewed headwinds for the stock markets

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US stocks fall on PPI data, lithium deal affects ASX’s Sayona Mining

17 Feb 2023 – Stocks fell Thursday after another hot inflation report, and a decline in jobless claims, showed the economy is holding up amid the Federal Reserve’s rate hikes. The producer price index, an inflation indicator that tracks wholesale prices, rose 0.7% in January, topping a Dow Jones consensus forecast for a 0.4% increase.

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US stocks boosted as investors digest stronger-than-expected retail sales data

16 Feb 2023 – Stocks ticked higher Wednesday as traders mulled stronger-than-expected retail sales along with the latest US inflation data. Later this week, traders will also be listening to speeches from Federal Reserve officials for any signs of what the central bank may do at its next meeting in March.

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S&P 500 falls after higher-than-expected CPI data

15 Feb 2023 – Stocks wavered Tuesday and the Dow fell, reversing earlier gains, after the January consumer price index report showed that inflation grew at a higher-than-expected 6.4% annual rate. However, the CPI figure showed that it edged slightly lower from the 6.5% figure shown in December. That marked the seventh straight month of easing inflation since peaking at 9.1% in June.

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