Stock markets take off, yields rise – outlook for US consumer price index influences interest rate cut expectations.

Stock markets take off, yields rise – outlook for US consumer price index influences interest rate cut expectations.

According to a report by ch.marketscreener.com Stock markets held gains after a rally on Wall Street and lower oil prices. The MSCI world stock index was flat, while Europe's STOXX 600 index fell and U.S. stock futures fell. The Nikkei index hit a new 33-year high. Fund manager Jupiter fell 12% at the European open, making it the biggest loser on the FTSE350 index, and shares in Grifols plunged more than 40%. The main macroeconomic news is expected in the form of the US Consumer Price Index (CPI) in December. U.S. benchmark Treasury yields rose and Treasuries took a hit. Oil prices recovered and European wholesale gas prices fell to their lowest level since last summer. Spot gold prices rose and foreign exchange markets remained calm.

The stability of the stock markets as well as the recovery of oil prices and the low wholesale prices for gas could have an impact on the financial market. Rising government bond yields could lead investors to invest more in bonds, which in turn could lead to capital outflows from the stock market. In addition, the recovery in oil and gold prices could increase demand for raw materials, which could have a positive impact on companies in this sector. The calm foreign exchange markets and the euro's stable performance against the dollar could indicate a wait-and-see attitude among investors, who may be speculating on a rate cut by the US Federal Reserve.

Overall, the current situation could lead to investor reluctance and influence market volatility in the coming weeks. The impact on the financial industry could be varied depending on the development of the above factors and investors should monitor developments closely.