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Artemis Investment Limited – Stock futures tick higher, investors continue to mull April inflation
U.S. stock futures edged slightly higher ahead of overnight trading Wednesday following another down day in markets as investors digested inflation data that showed price levels remained elevated in April.
The moves build on a streak of sharp losses in equity markets and follow April's Consumer Price Index (CPI) out Wednesday, which showed an inflation rate that held near a 40-year high despite a marginal pullback from the prior month. Furthermore, the so-called core price index, which excludes the volatile food and energy categories, came in higher than economists had anticipated, stoking worries among investors that elevated prices may persist.
April's snapshot of inflation across the U.S. comes as investors gauge how aggressively the Federal Reserve will intervene to rein in rising price levels via monetary tightening, including increases on interest rates. Uncertainty around the central bank's next move has spurred turbulence across risk assets, sending all three major indexes to their lowest trading levels year-to-date.
About Artemis Investment Limited:
Originally established to assist expatriates access financial services in SE Asia, Artemis Investment Limited is a leading independent, boutique financial advisory firm which now caters to a global client base.
Based in Hong Kong for the last 60 years, we have adapted our services to account for the financial world in the 21st Century. We are a borderless company whose staff come from a variety of backgrounds but are united by one attribute, customer focus and objectives above all else.
We understand that many clients know where they want to be, but may not have the knowledge on how to get there. This is where our specialist expertise within the financial services sector is essential in providing the correct timing, opportunity and ultimately, the correct result to establish a lengthy and equitable relationship. This is something that our 20,000 + clients have learnt first-hand.
To find out more, or to sign up to the Artemis newsletter, visit https://www.artemis-