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
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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.