Markets positive in the wake of US inflation

Eurizon Weekly 20 Jan. 2025. US inflation data, and core inflation in particular, restored confidence on the markets, that over the previous weeks had been pricing in concerns of an overheating of the US economy. In fact, in the course of the week, government bond yields dropped back down. The drop of yields, combined with the opening of the 4Q 2024 earnings season (with financial sector names reporting very solid results) boosted the stock markets. The future level of rates in light of the growth-inflation mix is still the markets’ main focus, as Trump takes office and officially begins his mandate as President. Stefano Cucchi of Eurizon’s Macro Research & Product Specialist team takes a closer look. Audio recorded on 20 Jan. 2025.

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