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Home Trump impeachment, lunar new year, inflation data
Trump impeachment, lunar new year, inflation data
Start every week on the front foot with a preview of what’s on the global agenda
World Economy News
7 Feb 2021 • 7 min read
In the US this week the impeachment trial of former US president Donald Trump gets under way while his successor Joe Biden begins the push to get his $1.9tn stimulus package through Congress. China celebrates the year of the Ox, Italy waits to see whether Mario Draghi can form a unity government and Scotland’s former first minister Alex Salmond is due to appear before a parliamentary committee investigating the handling of harassment complaints against him. On the economic data front, inflation figures in the US and China will be closely watched and the UK has its first print of fourth-quarter gross domestic product out. Drugmaker AstraZeneca, Disney, ride-hailing platform Uber and UK retailer O
It was a quiet 1
st half of the week, however, with stats limited to JOLTs job openings and inflation figures.
While job openings fell in November, inflation held steady, with the annual rate of core inflation holding at 1.6%.
Consumer prices rose by 0.4%, month-on-month, while core consumer prices increased by a modest 0.1%.
In a busy 2
nd half of the week, key stats included the weekly jobless claims, retail sales, and consumer sentiment figures.
Jobless claims figure disappointed on Thursday, with initial jobless claims jumping from 784k to 965k.
In December, core retail sales slid by 1.4%, with retail sales falling by 0.7%, both following on from declines in November.
Индекс потребительских настроений в США в январе снизился хуже прогноза 1prime.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 1prime.ru Daily Mail and Mail on Sunday newspapers.