Back
BlogsEND OF DAY REPORT APRIL 13th

ECB's Vasle says underlying inflation is moving in the wrong direction; mulling 25 and 50bps rate hike options for MayMORNING REPORT APRIL 14th

Darren Krett

Thursday, 13 April 2023

Share on:

MORNING REPORT APRIL 14th facebookMORNING REPORT APRIL 14th twitterMORNING REPORT APRIL 14th linkedin

END OF DAY REPORT APRIL 13th

Categories

closing report

HIGHLIGHTS

US House Republicans are considering a proposal that would kick the debate over US debt limit to 2024; are readying legislation they could unveil next week that would suspend the debt ceiling until May 2024, according to Bloomberg sources
ECB's Kazaks says risk of recession is non-trivial and rates will need to go up more to tame inflation, according to CNBC; key issue is still very high inflation
ECB's Vasle says underlying inflation is moving in the wrong direction; mulling 25 and 50bps rate hike options for May
Chancellor Hunt to "look at" raising deposit guarantees in wake of SVB collapse after recent turmoil showed banks could fail more rapidly than in 2008 crisis, according to FT

SUMMARY

PPI final demand sank 0.5% in March to mark the biggest decline in almost three years, potentially a sign of further easing in inflation in the months ahead. The costs that wholsale pays for goods is another great inflation indicator and once you strip out the volatile food and energy component it rose a mere 0.1%.The PPI report captures what companies pay for supplies such as fuel, metals, packaging and so forth. These costs are often passed on to customers at the retail level and give an idea of whether inflation is rising or falling, so it does look like inflation is indeed slowing but the question remains if it’ll be quick enough for the FED to stop raising rates at the next meeting. S&P seems to think so as we head back for another charge at the recent highs, but remember that althought CPI was marginally weaker than expected it still is stubbornly high so we think there will still be a good chance of 25bp at the next meeting before they decide to pause.

MARKET SNAPSHOT

snap-0413

TODAYS NUMBERS

numb-0413

ON THE TICKET TOMORROW

ticket-0414

Related reads

Morning Report
MORNING REPORT APRIL 13th-image

Darren Krett

Thursday, 13 April 2023

MORNING REPORT APRIL 13th

CPI was weaker but inflation remains stubbornly high, so what will the FED do? We have PPI out today so that may help us find out
MORNING REPORT APRIL 13th

0


Comments (0)

Get started with Leviathan FM today

7 day free trialContact us
See our pricing

© 2015 - 2023 Leviathan Financial Management LLC. All Rights Reserved.

Legal Disclaimer: The information provided in the Leviathan website is for informational purposes only. It should not be considered legal or financial advice. You should consult with a financial advisor professional to determine what may be best for your individual needs. Leviathan Financial Management does not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, Leviathan Financial Management disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses. Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice. Your use of the information on the website or materials linked from the Web is at your own risk.