{"id":44484,"date":"2023-04-19T16:40:00","date_gmt":"2023-04-19T15:40:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=44484"},"modified":"2023-04-20T00:08:56","modified_gmt":"2023-04-19T23:08:56","slug":"market-wrap-inflation-fears-weigh","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/market-wrap-inflation-fears-weigh\/","title":{"rendered":"Market Wrap &#8211; Inflation fears weigh"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"44484\" class=\"elementor elementor-44484\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cde215d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cde215d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ad36afd\" data-id=\"ad36afd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-71d5722 elementor-widget elementor-widget-text-editor\" data-id=\"71d5722\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Concerns over global inflation weighed on stock prices during the US trading session after the release of inflation figures from the UK today showed more stubborn inflation.<\/p><p>The<a href=\"https:\/\/activtrader.activtrades.com\/account\/createaccount?setup=indeces\" target=\"_blank\" rel=\"noopener\"> major indices<\/a> in the US dipped over these fears, with the<a href=\"https:\/\/bit.ly\/3LKnOX3\" target=\"_blank\" rel=\"noopener\"> VIX<\/a> rising close to 15 on the day. Traders and investors also remained on edge for <a href=\"http:\/\/bit.ly\/2OccOTY\" target=\"_blank\" rel=\"noopener\">Tesla<\/a> earnings and a host of Fed speakers.<\/p><p>Inflation, which measures the rate of price rises, fell to 10.1% in the year to March from 10.4% in February. UK inflation was widely expected to fall below 10%, but food prices continued to soar, rising at their fastest rate in 45 years.<\/p><p>Falling inflation doesn&#8217;t mean prices are falling, but just that the rate of price rises is slowing. Grant Fitzner, chief economist for the Office for National Statistics, which provides the figures, said globally food prices were falling, but that had not yet led to price cuts.<\/p><p>Some of the other major moves were seen in oil prices, which dipped close to 2% intraday. The OPEC production cut had been expected to boost price and the recent API data was also fairly strong.<\/p><p>API showed generally close to what was expected, with <a href=\"https:\/\/bit.ly\/3ZbUSus\" target=\"_blank\" rel=\"noopener\">Crude<\/a> inventories at2675,000 and <a href=\"https:\/\/bit.ly\/400BEbj\" target=\"_blank\" rel=\"noopener\">Gasoline <\/a>at 100,000. Distillates inventories were also seen at 1900,000.<\/p><p>This number should have been supportive but there may have been selling the fact with these numbers increasingly\u00a0front run. The official US numbers, which should include a scheduled 1.6-million-barrel release from the SPR.<\/p><p>The consensus for the US numbers is Crude inventories at 1088,000 and Gasoline at 1267,000. Distillates inventories are expected at 927,000.<\/p><p>Commodity related currencies also took a hit today, with the <a href=\"http:\/\/bit.ly\/334hUb4\" target=\"_blank\" rel=\"noopener\">USDCAD<\/a> pair moving higher as the Canadian dollar sagged due to the drop in oil prices, which often happens when crude drops.<\/p><p>Also, commodity and risk on currencies dropped, such as the <a href=\"http:\/\/bit.ly\/2yFD0hu\" target=\"_blank\" rel=\"noopener\">AUDUSD<\/a> and <a href=\"http:\/\/bit.ly\/2KflF5J\" target=\"_blank\" rel=\"noopener\">NZDUSD<\/a>. The Japanese yen benefitted, with <a href=\"https:\/\/bit.ly\/2OX9krx\" target=\"_blank\" rel=\"noopener\">NZDJPY<\/a> and<a href=\"https:\/\/bit.ly\/3muBo0r\" target=\"_blank\" rel=\"noopener\"> AUDJPY<\/a> also dropping over risk fears.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Concerns over global inflation weighed on stock prices during the US trading session after the release of inflation figures from the UK today showed more stubborn inflation. The major indices in the US dipped over these fears, with the VIX rising close to 15 on the day. Traders and investors also remained on edge for [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":34837,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[380,64,327,101,381,31,169,270],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Wrap - Inflation fears weigh - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/market-wrap-inflation-fears-weigh\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Wrap - Inflation fears weigh Market Wrap - Inflation fears weigh\" \/>\n<meta property=\"og:description\" content=\"Concerns over global inflation weighed on stock prices during the US trading session after the release of inflation figures from the UK today showed more stubborn inflation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/market-wrap-inflation-fears-weigh\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-19T15:40:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-19T23:08:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/09\/gettyimages-803299674.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"382\" \/>\n\t<meta property=\"og:image:height\" content=\"254\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Market Wrap - Inflation fears weigh Market Wrap - Inflation fears weigh\" \/>\n<meta name=\"twitter:description\" content=\"Concerns over global inflation weighed on stock prices during the US trading session after the release of inflation figures from the UK today showed more stubborn inflation.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-inflation-fears-weigh\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-inflation-fears-weigh\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Market Wrap &#8211; 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