Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Today, December 18, 2024, the UK Consumer Prices Index (CPI) data for November is being released. Experts believe that the headline CPI will go up to 2.7%, compared to 2.3% in October. This increase means inflation will stay above the Bank of England's target of 2%. It reflects ongoing pressures in various areas, particularly in housing and household services, where prices have risen due to changes in energy costs.
Core inflation, which leaves out items like food and energy that can change a lot, is also expected to rise to 3.8%, up from 3.3% last month. This indicates that inflation is spreading more widely, creating challenges for policymakers before the Bank of England’s meeting on monetary policy tomorrow.
Overall, today’s CPI report is important as it is the last update on inflation for 2024 and could influence the Bank of England’s future decisions on interest rates.
