News Snapshot:
The spotlight will be taken by inflation data from the US, China, India, and Brazil and US retail sales and consumer confidence. Other important releases include US, Eurozone, India and Mexico factory production numbers, Japan current account and producer prices, and Australia trade balance and retail sales. Also, the Bank of Korea will be deciding on monetary policy. It is a relatively busy week ahead in the US. The consumer price report for December will probably show the inflation rate jumped to 7.1 percent, its highest since June 1982 and well above the Federal Reserve’s target of about 2 percent,...
