Market overview 2023-01-12

Thursday's nervous trading session on the U.S. stock market led to a positive closing of the main stock indices in the range of 0.65 percent. The released important inflation data showed a slowdown in inflationary pressures, which reduced market participants' expectations of further aggressive rate hikes. As expected, the best performing sectors were Real Estate, which is highly dependent on mortgage rates, and Energy, which was under the pressure of rising demand for energy from China and the need to rebuild the US oil reserves. The Healthcare sector looked worse than the market.