tldrdaily.news logo
Tag

Inflation Fears

All articles tagged with #inflation fears

energy2 years ago

"Inflation Fears Push Oil to 6-Month Low"

Crude oil prices plunged to a six-month low as traders reacted to inflation fears following the release of the consumer price index, which showed a 3.1% increase from November 2022 to November 2023. Additionally, disappointment over OPEC+'s voluntary production cuts, which were already agreed upon and do not represent additional cuts, further contributed to the decline. WTI traded at $68.27 per barrel, the lowest level since June, while Brent crude traded at $73 per barrel, also the lowest since June. Energy prices fell 2.3% in November, with gasoline and fuel oil experiencing significant drops.

via OilPrice.com|
#crude-oil#energy#energy-prices
economy2 years ago

US Consumer Sentiment Continues to Decline Amid Lingering Inflation Concerns

US consumer sentiment has dropped for the fourth consecutive month in November, while inflation expectations have risen, according to the University of Michigan's consumer survey. Consumers anticipate inflation to accelerate to 4.5% over the next year and 3.2% over a five-year horizon, the highest level since 2011. Despite the recent slowdown in inflation, consumers remain concerned that it could reverse in the future. The burden of inflation is disproportionately affecting low-income Americans, who struggle to cope with rising prices for everyday necessities.

via Fox Business|
#consumer-survey#economy#inflation-fears
economy2 years ago

UK Wage Growth Surges, Fueling Inflation Concerns

European markets were cautiously higher as investors awaited key U.S. inflation figures later in the week. UK wage growth hit a joint-record high, raising concerns about high inflation. The ZEW German economic sentiment indicator slid further into negative territory. Stocks on the move included Ocado, up 4%, and Dowlais Group, down 7%. The Bank of England may need to tighten monetary policy further to rein in core inflation. European stocks opened in positive territory, following gains in Wall Street and Asia-Pacific.

via CNBC|
#bank-of-england#economy#european-markets