Company / Analytics

Analytics, 11 December 2022

Week 49 in Brief

North America

Stocks on Wall Street fell on Friday following a dismal week in US stocks. Treasury yields were also higher after data on U.S. producer prices raised conflicting views, stirring hope of moderating inflation but also fears the Federal Reserve will need to keep interest rates higher for longer.

Data by the U.S. Labor Department showed the producer price index (PPI) for final demand rose 0.3% last month and increased 7.4% in the 12 months through November, while the PPI for October was revised up to 0.3% from 0.2%.

Investors have now turned their attention toward the consumer price index due out Tuesday, which is expected to show whether inflation has receded. The Federal Reserve will likely deliver a 50 basis point hike at the end of its December meeting on Wednesday. While the increase would be smaller than the previous four hikes, concerns have mounted over whether the central bank can architect a soft landing and prevent a recession.

How did the major indices perform?

On Friday:

For the week:

What drove the U.S. market?

How did the European markets perform?

How did Asian markets perform?

Bonds and Commodities


Next week

The spotlight next week will be on the latest inflation figures due Tuesday and the Fed’s two-day policy meeting, with central bankers expected to announce an interest rate decision and near-term projections for the U.S. economy on Wednesday.

On Thursday, the U.S. Census Bureau will also report on November retail sales, indicating whether consumer spending remained solid last month. On Friday, S&P Global will release the flash estimate for its Composite Purchasing Managers’ Index (PMI) for December.

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