Market update - January 14th
from The Trading Pair Hosted by Jayanjan Mukherjee
Hello and welcome to your quick market update for Tuesday, January 14th! In Japan, Economy Watchers Sentiment improved to 49.9, hinting at cautious optimism. Meanwhile, China’s M2 Money Supply held steady at 7.3%, and new loans surged to ¥990 billion, signaling strong credit expansion. Over in Europe, France reported a wider budget deficit of €172.5 billion, and Italy saw a modest 0.3% rise in industrial production. In the U.S., the NFIB Small Business Index beat expectations at 105.1, showing confidence among small businesses. However, inflation data was mixed—Core PPI came in flat at 0.0%, while headline PPI rose 0.2%, both below forecasts. The federal budget deficit narrowed significantly to $86.7 billion. In the markets, Bitcoin is down 1.1% to $27,500, gold is up 0.3% at $1,926, and silver remains steady at $23.90. As for the U.S. Dollar Index, better-than-expected business optimism and a narrower deficit may provide support, but softer inflation data could cap gains. That’s it for today! Join us tomorrow for more updates.
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