Posted 2/18/2024, 6:00:00 PM
Markets Recover Losses After Inflation Data Briefly Stirs Volatility
- US inflation data pushed Treasury yields and the dollar higher, though US indices recovered losses
- Volatility seen in markets early week on high US CPI and PPI data, but moves largely reversed
- UK FTSE 100 outperformed on supportive economic data and benefiting from stronger dollar
- Gold trimmed some of its recent losses as oversold conditions emerged
- Forecasts suggest further GBP weakness, conflicting outlooks for EUR, and dollar strength challenging gold/silver