In his weekly Market Insights blog, our Chief Information Officer Anupam Kumar, shares his insights in current developments in the financial markets. Documents like this offer a great opportunity for you to learn more about the markets and the information DHF Capital S.A. uses to make their trading descisions. So whether you are an investor, just interested or a vivid trader yourself, this document provides tremendous value for anyone who is involved in the financial market.
The Market Insights from Anupam Kumar
The belief of global economy reaching “peak inflation” was shattered last week when CPI report came in with above expectation numbers. On 13th Sep, Tuesday, Labor department released Consumer price index (CPI) report and it became the defining moment of last week’s market performance. The annual rate came down from July’s 8.5% to 8.3% but alas, it was higher than economists’ prediction of 8.1%.
Some of the major highlights of last week:
- Major U.S. indices suffered worst sell-off after June 2020, post inflation data numbers were made public.
- Wall Street market fell for the fourth time in five weeks.
- Technology-heavy Nasdaq dropped 5.5% and S&P 500 went down by 4.7% with Alphabet, Google parent company, and Meta hit new 52-week lows.
This is only a small portion of the market insights that Anupam Kumar has written for this week. Do you want to read all of his insights? And learn more about the evolution of the financial market over the past week? Sign-up for our Market Insights Newsletter and receive the full report in you mailbox, every week!
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