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Stocks soar after US inflation numbers

14 November 2018 Peter Bukov

Stock indices over the world rose sharply from daily lows on Wednesday and the US exchanges opened 0.6% higher, while the EU indices rose around 2% from daily lows as sentiment switched quickly from negative to positive.

Moreover, US inflation numbers came out mixed, with the headline CPI figure rising to 2.5% year-on-year in October, up from 2.3% in September, while the core gauge unexpectedly worsened marginally to 2.1%. Traders sold the greenback after these numbers and stocks rose notably.

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