Market View: US Producer Price Index decreased 0.5% for December, Possibility of a 25bps rate hike, Netflix and P&G reports earnings, Sectors to watch, Microsoft and Amazon layoffs
Published on 20 Jan, 2023

We’ll keep you up to speed with the key macroeconomic and market movements in the US as we end the week.

Earlier, US producer prices out mid-week showed the producer price index decreased 0.5% on a monthly basis for December.

That’s lower than November’s revised 0.2% increase. December’s annual PPI figure also came in lower than the previous month.

Question is -  to what extent can this be taken as a sign that inflation has peaked, and is a 25 basis point rate increase by the Fed in sight?

And with the earnings season in full swing, how have big names such as Netflix and Procter & Gamble fared, and which are the outperforming sectors to watch?

Also - what is the outlook ahead for the tech sector with industry heavyweights Microsoft and Amazon cutting a total of 28,000 workers amid a possible recession?

On Market View, Prime Time’s finance presenter Chua Tian Tian sits down with Luca Paolini, Chief Strategist, Pictet Asset Management for more.