Stocks edge higher ahead of US inflation data

Stocks edge higher ahead of US inflation data

Share on facebook
Share on twitter
Share on linkedin

Stocks in the UK and Europe are edging higher this morning ahead of US inflation data. There has been increasing pressure recently on the Fed to tighten policy with rising prices and strong jobs data but the consensus forecast is for today’s July CPI reading to indicate an easing of prices. Investors will be keenly watching; a surprise to the upside could upset the market.

In the US on Tuesday, the government’s $1.2 trillion infrastructure bill won Senate approval. This will be a major victory for Joe Biden if it wins final approval in Congress. Biden said “This bill is going to help make a historic recovery a long-term boom”.


Disclaimer:  ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy. This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’

Download Our Free Brochure