Equity Indexes Recover Early Losses as Precious Metals Reach New Record Highs

The market’s focus this week will be on economic news and any fresh news on the Federal Reserve. On Tuesday, Dec CPI is expected to remain unchanged from Nov at +2.7% y/y and Dec core CPI is expected to edge higher to +2.7% y/y from +2.6% y/y in Nov. Also, Oct new home sales are expected to fall -10.6% m/m to 715,000. On Wednesday, Nov PPI final demand is expected to increase +2.7% y/y, and Nov core PPI is also expected to climb by +2.7% y/y. Also, Nov retail sales are expected to have increased +0.5% m/m a ...