Oddbean

U.K.CPI Update Seen Swaying European Market Sentiment ========== U.K. inflation data for October expected to influence European market sentiment; annual inflation rate projected to rise to 2.2% from 1.7% in September; core inflation expected to decrease to 3.1%; month-on-month inflation forecasted to rise to 0.5%; Wall Street closed mixed with Nasdaq up 1.04% and Dow down 0.28%; European markets saw negative sentiment with Switzerland's SMI down 0.94% and pan-European Stoxx-50 down 0.83%; DAX Futures up 0.21% and CAC 40 Futures up 0.34%; Dollar Index at 106.27; gold futures at $2,641.10; crude oil prices down due to easing geopolitical concerns; upcoming producer price inflation data from Germany and ECB President Christine Lagarde's speech anticipated. #Uk #Cpi #Inflation #EuropeanMarkets #WallStreet #Geopolitical #Dax #Cac #Gold #CrudeOil https://www.rttnews.com/3491672/u-k-cpi-update-seen-swaying-european-market-sentiment.aspx