M. Holland is the headline sponsor for AMI’s Thermoplastic Concentrates in Orlando on Jan. 24-26. Stop by Booth #16 to speak with our experts and attend a talk on regulatory compliance changes by Christopher Thelen, M. Holland’s Senior Regulatory Specialist, on Jan. 24 at 4:20 pm.
M. Holland will be exhibiting at MD&M West in Anaheim on Feb. 7-9. Stop by Booth #4115 to meet our Healthcare team and discuss how M. Holland’s line of medical-grade resins can help you develop safe and effective medical products and packaging.
Oil gained 1.5% Thursday on news of further declines in U.S. inflation and optimism about economic recovery in China. Crude prices are on pace for a 6% gain this week.
In mid-morning trading today, WTI futures were up 0.7% at $78.97/bbl, Brent was up 0.5% at $84.47/bbl, and U.S. natural gas was down 3.5% at $3.57/MMBtu.
U.S. consumer prices unexpectedly fell 0.1% in December, the first month-over-month decline in 2.5 years, amid declining prices for gasoline, cars and other goods. Annual inflation, meanwhile, dropped to 6.5%, the sixth straight monthly slowdown.
The U.S.’s latest inflation data is likely to keep the Federal Reserve on track to reduce the size of interest-rate increases to 25 basis points at its next meeting on Feb. 1.
The U.S. government’s December budget deficit quadrupled from a year ago to $85 billion. Receipts shrank modestly but outlays grew to a new December record.
Home prices in Manhattan fell 17% in December from a year earlier, the latest sign of slowing activity in some of the hottest U.S. housing markets.
Germany’s net borrowing rose to $124.5 billion last year due to pandemic spending and fallout from the war in Ukraine, the third-highest level on record behind 2020 and 2021.
South Korea’s import prices rose 9.1% in December, the slowest pace in 21 months due to a drop in oil prices. Separately, the nation’s central bank raised its benchmark interest rate by 25 basis points to 3.5% Thursday, as expected.
Argentina’s annual inflation hit 94.8% last year, the highest rate in over three decades.
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