Markets focused this week on October U.S. inflation data, particularly CPI and PPI, alongside a busy schedule of Federal Reserve speakers. Before the data, headline CPI was expected to rise 0.20% month over month, down from a previous 0.65% increase. On November 10, U.S. consumer prices rose 0.4% in October, exceeding market expectations, while the Bureau of Labor Statistics issued fresh warnings to the Federal Reserve about persistent inflation pressures. In China, producer inflation accelerated to 5.7%, a 4.5-year high, while consumer inflation softened to 0.7%. Upcoming earnings reports included Cisco, Applied Materials, Siemens, Allianz, and SoftBank as the third-quarter reporting season wound down.
Core inflation held at 0.3% for a third straight month, while the official year-over-year comparison for October was unavailable after survey data could not be collected a year earlier.
Read the full storyUS consumer prices grew by 0.4% in October, exceeding the 0.3% forecast even as the pace slowed from September's 0.6% increase.