US stocks record best day in over two years on cooler inflation data

The bounce in markets came after the annual rise on the US consumer price index was reported at 7.7 per cent in October, the smallest 12-month increase since January and a sharp drop from an annual rate of 8.2 per cent in September. Economists had forecast an 8 per cent rise.

The dollar fell immediately after the inflation report as interest rate expectations fell, dropping 2.3 per cent against a basket of six peers in its worst day in seven years. Mr Ablin said the inflation figure gave investors confidence that equities and bonds could perform well in the near future. The lower-than-expected readings ease pressure on the Fed to maintain its policy of aggressive interest rate rises to combat inflation. The central bank has delivered four consecutive rises of 0.75 percentage points this year in an attempt to slow price growth.

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Glanbia sees earnings growing up to 10% in next three yearsGlanbia sees earnings growing up to 10% in next three years via IrishTimesBiz
ソース: IrishTimesBiz - 🏆 6. / 77 続きを読む »