Consumer and wholesale inflation data key to market direction
Add BT as a preferred source
US stocks plunged last week to the biggest weekly loss since 2011, and the major indexes entered official correction territory in a market meltdown that looks set to continue this week.
The 2018 stock-market correction was caused by a spike in Treasury yields triggered by the wage-inflation data on Friday, Feb 2.
That raises the stakes on this week's consumer and wholesale inflation data to fever pitch.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
As luxury retail goes big, can Singapore’s Orchard Road keep up?
Singapore banks may need to address indirect exposure to captive coal in their financing policies
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
