Jan 13, 2017 | Investment Advice

International News (Issue 431) – 13 January 2017

Probably the most notable news over the Christmas period came with the release of Chinese input prices which rose to 5-year highs of +5.5% in December.

Coupled with the ongoing weakness in China’s currency, China is now well and truly exporting inflation to the rest of the world.

US economic momentum is red-hot, and consumer and business confidence continues to make new highs there. Whilst the market is keen to see policy through in the United States, this level of momentum certainly sets the US economy up for a sound 2017 performance, and will likely force the US Federal Reserve into tightening rates at a faster clip than current market estimates for 2 rate hikes in 2017.

We’ll see.

 IndexChange%
U.S. S&P 5002270-7-0.3%
London’s FTSE7292+82+1.1%
Japan’s Nikkei19134-319-1.6%
Hang Seng22829+326+1.4%
China’s Shanghai3119-35-1.1%

 

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