Effects of US Inflation on Global Markets Continue

The effects of US inflation in global markets continue. As a result of the peak data, inflationary concerns increased.

Inflation in the USA was far above expectations and hit a 13-year peak. While there was a sharp decline in the US stock markets on Wednesday due to inflation data, there was also a decrease in the Asian markets on the new trading day. Asian indices decreased by about 1 percent, led by the Hong Kong Hang Seng index. A positive picture was observed in the first transactions in US futures. S&P 500 and Nasdaq futures were priced positively in the morning. The US 10-year bond yield found a balance at the level of 1.68 percent.

Inflation in the USA Hits a 13-Year High

In the US, consumer prices rose by 4.2 percent on an annual basis in April. As a result, consumer inflation in the country reached its highest level since 2008. According to the data, monthly inflation was recorded as 0.8 percent. Economists' expectation for monthly inflation was 0.2 percent.