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Record stock index growth last week

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stocks remained almost unchanged last week. The January inflation rose more than expected being 1.4% year on year. The core consumer price index (excluding energy and food) showed the record growth since August 2011 being 0.3%. The higher US inflation raises the opportunity of the Fed interest rates hike and supports the dollar. For corporate sector it brings more negative as means higher credit rates. Nevertheless, it did not influence the markets due to the positive chip-maker

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