global inflation and expectations causing stock decline


so UK reported CPI today, it was 9% increase YoY, EU reported 7.4% increase YoY, canada reported 5.7% increase YoY. UK was slightly below forecast but i think the others ones beat forecast. looking at these stats, not a surprise why stocks decline today, it's not just due to one company or one market.

up next tomorrow we have the weekly jobless claims, home sales, and manufacturing numbers. keeping up with these indicators, if they do well we will see increase, if they do bad it will drop again.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *