Daily Market Comment – Markets unrattled by US inflation jump, dollar slips, stocks hit record
Posted on April 14, 2021 at 8:54 am GMTBond markets shrug off surge in US inflation as yields fall, dragging dollar to 3½-week low But stocks impervious as Tesla drives S&P 500 to fresh record; bank earnings coming up Dollar plunge lifts rivals, yen finds little love despite J&J vaccine woes No panic after US inflation shoots higher Markets appeared to brush aside fears of higher inflation after the much-anticipated CPI data out of the United States failed to spark a huge reaction on Tuesday. The US consumer [..]