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Market View: US October’s inflation print, Tech layoffs, FTX saga and China’s easing of Covid-19 rules
The US economy is on our agenda today, after October’s inflation print came in better-than-feared at 7.7% on-year. While that suggests that consumers are reacting to the Fed’s series of outsized rate hikes, is a pivot within sight? Meanwhile - we saw massive layoffs by a number tech giants in recent weeks including Twitter and Meta. So what does this signal for the tech sector going forward as we head into the holiday season? On Market View, Prime Time’s finance presenter Chua Tian Tian spoke with Thilan Wickramasinghe , Head of Research at Maybank Securities on the above topics. They also…
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