Record inflation in Argentina and the growth of stock markets: something to read in the morning
[ad_1]
Briefly about the main points on international markets.
Photo: pixabay.com 2
►Read the Telegram channel “Ministry of Finance”: the main financial news
US stock indexes rise after inflation data
According to the results of yesterday’s session, the S&P 500 added 0.3%, and the Nasdaq and the Dow Jones index rose by approximately 0.6%, writes The Wall Street Journal. Sentiment in the American stock market improved after the latest data on the consumer price index in the United States showed a decrease in inflation for the sixth month in a row, which is likely to force the Federal Reserve to slow down the pace of interest rate increases. Inflation in the US slowed to 6.5% in December in annual terms compared to 7.1% in November.
Shares in the Asia-Pacific region are growing, except for Japan
The broad index of Asian shares (excluding Japan) MSCI AC Asia ex Japan Index for the week increased by 0.6%, South Korea’s Kospi added 0.8%, Hong Kong’s Hang Seng and China’s Shanghai Composite increased by 0.2% and 0.6% respectively, and the Japanese Nikkei decreased by approximately 1%. In the markets of Asia, investors are also mostly positive after the data about the slowdown in inflation in the USA.
China’s exports and imports fell less than expected in December
According to data from the country’s General Customs Administration, China’s exports fell by 9.9% in dollar terms in December, while imports fell by 7.5%, Bloomberg reports. The data turned out to be better than the forecasts of analysts polled by Reuters, who expected a drop in Chinese exports by 10% and imports by 9.8%, respectively. According to the customs department, for the whole of 2022, China’s exports grew by 7.7%, and imports – by 1.1%. Strong exports have supported China’s economy in the past two years, but economists expect a slowdown in demand from the US and Europe, notes CNBC News.
Inflation in Argentina in 2022 reached 95%
This is a record level of price growth in the country over the past 30 years. The current uncontrollable level of inflation in Argentina is connected with the political crisis in the country, which aggravated the rise in prices caused by the absence of a reliable economic plan from the government, notes Bloomberg. Argentina is the second largest economy in Latin America.
Source: Ministry of Finance
Views: 33
[ad_2]
Original Source Link
