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Inflation, industrial production data to drive mkt trends
The Business Guardian
|February 12, 2024
Stock markets are poised to react to a variety of factors in the coming days, with analysts highlighting upcoming macroeconomic data releases and global trends, along with monitoring foreign investors' trading activity.
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Analysts suggest that the forthcoming batch of macroeconomic data announcements, coupled with global trends, will significantly influence market sentiment. Investors will closely monitor key indicators such as India's Index of Industrial Production (IIP) and retail inflation numbers, scheduled for release on February 12, as well as the Wholesale Price Index (WPI) on February 14. Similarly, in the United States, the Consumer Price Index (CPI) data will be unveiled on February 13, followed by retail sales figures on February 15. These data points will provide crucial insights into the health of both domestic and international economies.
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