Weekly comment MM Prime TFI - April 18, 2016
Last week global stock exchanges entered bull – market territory after three negative weeks in a row. In the US, the DJI and the NASDAQ rose by 1.8% and the S&P500 increased by 1.6%. In Europe, German DAX and French CAC40 went up by 4.5%. Slightly worse result was reached by British FTSE250 – the index soared by 0.5%. Among of many economic data readings in the US, the publications of the CPI and the PPI should be distinguished. The former amounted to 0.9% y/y and the latter -0.1% y/y. The indices were lower than the market expectations. Moreover, the low levels of the price growth could have confirmed a dovish FOMC’s attitude.