Sharing some Investing and Economic insights:
FOUR things you need to know this week;
- It was a nervous start to the new year on Wall Street, but this was overcome after stocks rallied last week following the release of positive US December job market data. However, they gave up gains to close lower yesterday.
- The US Fed has renewed commitment to a rate hike cycle until inflation cools down to their target. Prices rose less than expected in November, the latest sign that the inflation which has been gripping the economy is beginning to loosen up. US Consumer Price Index (CPI) was 7.1% in November and is expected to cool down further to 6.5% in December.
- Eurozone inflation remains hot, though it’s heading in the right direction at 9.2% last Dec, down from 10.1% in Nov 2022.
- China has re-opened their borders before the Chinese New Year with travellers no longer required to quarantine upon entry. This could be the key to the global economy rebound in 2023.
Raiz is about helping you save & invest more – being able to save 5% of your salary is better than earning 5% return. Having a disciplined savings habit can help improve your financial position quicker (than spending time choosing the best fund manager).
Do you know?
It is the name of a street in the financial district of Manhattan in New York. It also refers to financial markets of the United States as a whole.
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