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.