US inflation at a new high since 1981: annual rate of 8.5%

Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations


US Inflation Data Released for March: The Consumer Price Index (CPI) over the past 12 months has risen 8.5% over the past year. The figure was in line with expectations.

Last month, the index rose by 1.2%, as stated in accordance with economists’ expectations. The core index, which does not include energy and food prices, recorded an increase of 0.3% compared to the expected increase of 0.5%. In the last 12 months, the core index has risen by 6.5%.


In Europe, declines are moderating and the leading indices are retreating at rates of up to 0.8%. Futures on U.S. stock market indices are trading steadily with a tendency to rise.

In early New York trading, stocks rose sharply Neo Amazon andRibian .

Oppenheimer Investment House notes that the company Inmode Released yesterday as usual preliminary results for the first quarter of 2022 that were higher than the consensus forecast in the revenue line and earnings per share despite a quarter that was saturated with tensions around the new Corona varieties. At the same time, “the more surprising figure in the report came from the line of gross profit, where the company expects a profitability rate for the current quarter in the range of 83% -84%. Below the consensus forecast of 84.4% and below our expectation of 85.5% it is evident that the macroeconomic environment conditions and supply chain challenges produce uncertainty about the continuation of the year and we will wait for further insights at the time of publication of the report and conference call. At this stage, we are maintaining our forecasts for the entire year and reiterating the Outperform recommendation for the Inmoud share. ”


Yields on 10-year US government bonds continue to climb and stand at 2.82%, ahead of the release of US inflation data at 3:30 p.m.

In Europe, declines are moderating and leading indices are retreating at rates of up to 1%. Futures on U.S. stock market indices are trading steadily.

Company Plus 500 Reported that its revenue for the first quarter of 2022 totaled $ 270.9 million, an increase of 68% from the last quarter of 2021 and of 33% compared to the same quarter last year. EBITDA for the quarter was $ 161.6 million.


European Trade Day opened in a negative direction, ahead of the release of important macro data later in the day. Futures on U.S. stock market indices are trading down slightly.

The declines in Europe are due to reports that a large investor has sold significant shares of its holdings in German banks, including Deutsche Bank And Commercial Bank. Against the background of the reports, Deutsche Bank is down about 9% and Commersbank is down 8.5%.

Gold is up 0.7%, and oil contracts are up 3%.

Deutsche Bank chief economist Christian Nulting notes in a review that the first quarter reporting season in the United States kicks off this week with a number of large banks reporting their results. “Despite the problems we see in some sectors – Omicron, Russia-Ukraine war, rising wages, supply chain problems and high energy prices – analysts ‘forecast for companies’ aggregate profit in the S&P 500 has fallen by only 1% since the beginning of the year, with declines in the consumer sector The cycle is partially compensated for by raising forecasts in the energy sector in light of high energy prices. ”

“The aggregate forecasts point to an expected increase of 4.7% in profit compared to the same period last year alongside a 10.7% increase in revenue but this is a decrease of 7.3% compared to profit in the fourth quarter of last year. Moreover, the first quarter of 2022 saw the largest number of companies spend “A negative forecast for the quarter since the fourth quarter of 2019 and a sign that the momentum of profit growth is starting to stop. Bottom line: Faced with an environment of great political uncertainty and rising inflation, it will be interesting to see how companies’ profit margins react in the immediate term.”


The Nikkei in Tokyo closed down 1.8%, while the stock exchanges in China and Hong Kong rose. The Shanghai index is up 0.9% and the Shenzhen is up 1.6%, while in Hong Kong the rise is more moderate at 0.2%.


Asian stocks are down this morning, when indexed Nike In Tokyo it shed 1.8% and in China and Hong Kong the declines are more moderate, when indices Shanghai andHang Seng Decreasing by 0.6% each. Cosplay in Seoul is down 1.1%.

At the top of the Nikkei index is the Tokyo Electric Company, which is down 5.2% in the highest trading volume in the index, and Toyota, Nissan, Softbank, Mitsubishi, Infax and Kawasaki are also losing ground. In Hong Kong, Lenovo shares are down nearly 5%, Shiomi is down 1.8% and Alibaba is down 1%, while Maitouan and Tencent are up.

Futures are trading in slight declines this morning, after the first trading day of this week on Wall Street ended last night in strong declines, which led to technology giants. NASDAQ Ended the day with a loss of 2.2%, S&P500 Decreased by 1.7% andDow Jones Delete 1.2%.

Today at 15:30 (Israel time), inflation data will be published in the US, with the consumer price index expected to rise by 1.2% in March, so that inflation will reach an annual rate of 8.4%. Meanwhile, bond yields continue to climb. The yield on the 10-year bond jumps by about 3 basis points to 2.81% and the yield on the two-year bond also jumps, to 2.54%.

In the crypto market the screens are red, following sharp declines last night, when eBitcoin Falls 6% below $ 40,000 andsite Also cut at a similar rate of less than $ 3,000.

Crude oil prices, which were cut by about 4% yesterday, are now climbing by about 2%. Brent crude once again crosses the $ 100 barrel threshold and US oil rises to $ 96 a barrel.

By Editor

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