• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Stock Market News Live Updates: Stock Futures Rise Despite Record Jump In Wholesale Prices, Rise In Jobless Claims

Jan 13, 2022

Stock Market News Live Updates: Stock Futures Rise Despite Record Jump In Wholesale Prices, Rise In Jobless Claims

Stock futures in the United States rose Thursday morning as investors awaited a new reading on weekly jobless claims and retail price inflation from Washington.

The Labor Department's weekly jobless claims data for the previous week revealed an unexpected increase in first-time unemployment filings, which increased to 230,000. Nonetheless, this remained close to pre-pandemic levels, with continuing unemployment claims falling to their lowest level since 1973. At the same time, the Bureau of Labor Statistics' December producer price index (PPI) indicated a 9.7% year-on-year rise in wholesale prices for the end of the previous year, the most significant year-on-year increase since records began in 2010.

Traders were also digesting a scorching report on consumer price inflation from the beginning of this week. This revealed another record high pace of price hikes, just one day after the Fed Chairman Jerome Powell signaled in his reappointment hearing that the central bank would act as required to calm increasing prices. According to the Bureau of Labor Statistics' December CPI), the cost of products climbed at a 7.0% year-on-year pace at the end of this year, the highest rate in 40 years.

Comerica Wealth Management chief investment officer John Lynch believes the 7% reading has been priced into the stock markets, although she adds that CPI has a bit further to go before it reaches peak levels.

Ian Shepherdson, chief economist at Pantheon Macroeconomics, agreed that the pace of price rises should slow beginning in the middle of 2022. However, CPI could hit 7.2% in January and February before slowing.

"The streak of huge gains is finished, and it will begin to decrease in March," he stated, forecasting a 4.5% reading in September.

Before markets open, the Labor Department will issue the most recent weekly unemployment claims numbers. According to consensus analyst projections, new claims for unemployment insurance would rise slightly from the previous week, but gold will remain around pre-COVID low points.

"Persistently high inflation rates, along with recently robust labor market statistics, bolster the Federal Reserve hawkish rhetoric," Christian Scherrmann, DWS Group's U.S. economist, noted. "Thinking forwards, Omicron appears to be dictating the destiny of the economy in January and possibly February, but current indications on how the new strain plays out imply that the Federal Reserve will remain focused to start reducing its accommodative monetary policy, probably as early as March 2022, by raising rates for the first time since December 2018."

Banks are set to publish fourth-quarter profit data on Friday, as profits season begins to round up the week. The S&P 500 Financials sector exchange-traded fund XLF established a new intraday peak on Wednesday, its fourth in eight-session in 2022, as traders prepare for quarter releases from BlackRock (BLK), Citigroup (C), JPMorgan Chase (JPM), and Wells Fargo (WFC) (WFC).

Subscribe Our Newsletter

Warren Buffett Says These Are The Best Stocks To Own When Inflation Spikes
Warren Buffett Says These Are The Best Stocks To Own When Inflation Spikes

Following months of price increases, the Fed's argument that higher inflation would be "transitory" is beginning to appear a little flimsy.

Stocks
Norway’s Central Bank Sells Apple Stock. It Bought Nvidia, Plug Power, And NIO
Norway’s Central Bank Sells Apple Stock. It Bought Nvidia, Plug Power, And NIO

Norges Bank sold Apple shares in the fourth quarter and purchased shares in Nvidia, Plug Power, and NIO. Among other things, the bank revealed the stock purchases in an updated form filed last week with the Securities and Exchange Commission.

Stocks
Oliver

What Does Providing Liquidity Mean in Crypto?
The term "liquidity" is one you hear most when dealing with the crypto market. Liquidity can significantly affect investors' ability to get a fair exchange rate for their cryptocurrency holdings.

discover
Top 10 White Label Exchange Solutions in 2022

Liquidity Provider

Top 10 White Label Exchange Solutions in 2022

As in the mining boom period, bitcoin exchanges are the pick-and-shovel of the new sector. Since 95 % of all cryptocurrency activity occurs on exchanges, crypto exchanges are vital for benefitting from the multibillion-dollar crypto industry.

Crypto Exchange Business

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Tamta

    Crypto Trading For Beginners

    https://liquidity-provider.com/app/uploads/2023/03/cover-8-800x540.jpg

    Tamta

    How To Make Money With Cryptocurrency

    https://liquidity-provider.com/app/uploads/2023/03/cover-7-800x540.jpg

    Tamta

    What Is A Candlestick Chart?

    https://liquidity-provider.com/app/uploads/2023/03/cover-6-300x203.jpg

    Constantine

    White Label Forex Software — Ultimate Guide on How to Choose The Best Industry Solution

    https://liquidity-provider.com/app/uploads/2023/03/cover-3-300x203.jpg

    Tamta

    Forex Trading: A Beginner’s Guide

    https://liquidity-provider.com/app/uploads/2023/03/cover-2-300x203.jpg

    Tamta

    How to Create a Cryptocurrency

    https://liquidity-provider.com/app/uploads/2023/03/cover-1-1-300x203.jpg

    Tamta

    Top Ten Richest People In The World, 2023

    https://liquidity-provider.com/app/uploads/2023/03/cover-4-1-300x203.jpg

    Constantine

    What’s at Stake? Here’s How to Avoid Scam Tokens

    https://liquidity-provider.com/app/uploads/2023/03/cover-5-300x203.jpg

    Constantine

    Investing in Currencies That Are More Valuable Than the American Dollar

    https://liquidity-provider.com/app/uploads/2023/02/cover-2-300x203.jpg

    Alexander

    5 Best Forex CRM Solutions for 2023

    https://liquidity-provider.com/app/uploads/2023/02/cover-300x203.jpg

    Alexander

    Full Bitcoin Price History: From 2009 to 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-11-300x203.png

    Constantine

    Top 5 Most Reliable KYC Technology Providers

    https://liquidity-provider.com/app/uploads/2023/01/cover-10-300x203.png

    Alexander

    The Best Crypto Wallets of 2022: Top 5 Picks

    https://liquidity-provider.com/app/uploads/2023/01/cover-2-300x203.png

    Alexander

    Top 5 Most Reliable Forex Brokers of 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-1-300x203.png

    Constantine

    5 Top-Tier Breakthrough Trading, Crypto and Fintech Industries Software Solutions in 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-300x203.png

    Constantine

    5 Most Successful FinTech Industry Startups in 2022

    https://liquidity-provider.com/app/uploads/2022/12/cover-300x203.png

    Constantine

    Top 7 Liquidity Providers of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-3-300x203.png

    Alexander

    Top 5 Crypto Exchanges of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-1-300x203.png

    Constantine

    Top 5 Most Distinguished White Label Solutions in 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-2-300x203.png

    Constantine

    What is Crypto Leverage Trading And How Does It Work?

    https://liquidity-provider.com/app/uploads/2022/12/oblozhka-5-300x203.png

    Constantine

    Top 5 Most Prospective Tokens in the Metaverse.

    https://liquidity-provider.com/app/uploads/2022/12/cover-7-300x203.png

    Constantine

    How to Mine Bitcoins? – Beginners Guide

    https://liquidity-provider.com/app/uploads/2022/11/cover-5-300x203.png

    Oliver

    Blockchain for Business. Pros & Cons

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-1-300x203.png

    Constantine

    The Future of Stablecoins and Central Bank Digital Currencies (CBDCs)

    https://liquidity-provider.com/app/uploads/2022/11/cover-3-300x203.png
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy