By January 12, 2023 (Investorideas.com Newswire) The latest U.S. inflation data will keep the global stock market rally on track, affirms the CEO of one of the world’s largest independent financial advisory, asset management and fintech organizations.
The bullish observation from deVere Group’s Nigel Green comes as it is revealed Thursday that U.S. headline consumer inflation slowed to 6.5% in December from 7.1% the previous month.
“The data confirms that inflation is finally being tamed, which means there’s a higher chance that the Federal Reserve will pursue less aggressive interest rate hikes in the world’s largest economy,” he says.
“The news is fuel for the markets, despite the fact that core inflation, which excludes food and energy and which is seen as a better signal than the headline measure, is still well above the Fed’s target.
“We expect the latest U.S. inflation data will keep the global stock market rally on track.”
World stocks rallied on Monday to their highest levels since mid-December. It comes on the back of last week, the first of 2023, also ending in positive territory.
Earlier this week, Nigel Green told the media that “economic ‘peak opportunity’ might come late in the first quarter. The second quarter of the year might see risk assets start to price in a cyclical upturn in the G7 economies.”
On the back of the fresh U.S. CPI report, the deVere CEO notes: “Sensibly, investors are already pricing in far more favourable conditions in 2023 and this new data will confirm their convictions.”
He goes on to add that the sectors, such as tech, that have “fallen during the Fed’s tightening will likely do the best in the recovery rally.”
The deVere CEO concludes: “The markets now await the next FOMC decision on interest rates, but until then, the rally is set to continue.”
t: +44 207 1220 925
e: george@priorconsultancy.co.uk
Twitter: @PriorConsults
deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.
More Info:
This news is published on the Investorideas.com Newswire – a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
