CNBC Daily Open: Inflation is more complex than it seems. But markets believe in simple disinflation
Publishing timestamp: 2023-02-13 18:26:47
Summary
Economists expect January's consumer price index to rise 0.4%, but there are warning signs that it could be higher due to rising price pressures in the supply chain. U.S. stocks rose Monday, but Asia-Pacific shares fell. Ford Motor announced a new $3.5 billion battery plant for electric vehicles. The U.K. semiconductor industry is warning that companies might be forced to relocate overseas if the government doesn't introduce support packages. If Tuesday's consumer price index report comes hotter than expected, S&P 500 could plummet up to 3%. Markets showed optimism on Monday, but time will tell if the narrative of disinflation and optimism in markets hold up.
Sentiment: MIXED
Tickers: F,
Keywords: michigan, united kingdom, inflation, autos, markets, world markets, central banking, technology, ford motor co, japan, united states, business news,
Source: https://www.cnbc.com/2023/02/14/stock-markets-inflation-is-more-complex-than-markets-believe.html