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Sterling edges up after inflation data.

News Date: 17/11/2015 09:49:25
 

Britain's CPI for October fell 0.1% y\y, in line with expectations, but Core CPI, which strips out food and energy prices, rose 1.1% y\y, better than the 1% increase expected. Sterling pulled itself out of a one-week low against the dollar, trading at 1.5207. It held its ground at a 3-1\2 month high against Euro at 0.7009, with a 0.30% gain. It traded near a two-month high against yen at 187.57 with a 0.18% gain.

 

CPI for U.S. rose 0.2% in October m\m, in line with expectations. The dollar steadied however, with its index up 0.12% at 99.60, receding from a top at 99.78. Dollar was still up against Euro at 1.0667, with a 0.19% gain. It is up 0.1% against yen at 123.27.

 

European shares surged, with the pan-European index FTSEurofirst 300 rising 2.11% to 1,491. Britain's FTSE gained 101 points, or 1.65% to 6,248. Germany's DAX rallied 167 points, or 1.55% to 10,880. France's CAC 40 index pared its post-attacks losses yesterday to end flat, it rose 97 points today, or 2.03% to 4,900.

 

Wall Street opened flat, breaking the global surging trend. Dow Jones is down 3 points, or 0.03% to 17,477. NASDAQ slipped two points, or 0.04% to 4,982. S&P 500 slid 0.03% to 2,052.

 

Oil prices resumed their fall, with Brent futures for December down 80 cents, or 1.85% to $43.73 a barrel. U.S. oil prices fell 75 cents, or 1.82% to $40.97 a barrel.

 

Gold prices extended their slide, losing 5 dollars, or 0.46% to $1,079 an ounce. Silver futures gained a cent, or 0.08% to $14.23 an ounce.  

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