CNBC: Could Hindenburg’s latest allegations have wider implications for India?
CNBC reports: No one is questioning India’s sovereignty, as the world’s largest democracy marks 77 years ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
SEEKING ALPHA reports:
Stock index futures are soaring Thursday as core and headline consumer inflation rose less than expected.
Nasdaq 100 futures (NDX:IND) +4.2%, S&P futures (SPX) +3.1% and Dow futures (INDU) +2.4% jumped right after the numbers.
Rates are tumbling. The 10-year Treasury yield (US10Y) is down 17 basis points to 3.98%. The 2-year yield (US2Y) is down 18 basis points at 4.45%. The dollar index (DXY) is down 1.2%.
After several hotter-than-expected CPI reports, stock and bond markets were clearly positioning for continued disappointing inflation news. Fed funds futures now price in a 54% chance of a 50-basis-point hike in December after tilting to 75 bps before the numbers arrived.
The 0.3% monthly rise in core CPI, compared with forecasts for 0.5%, was the softest since September 2021…
More here.
Now read this: “Dow futures surge more than 800 points after October inflation report is lighter than expected“.
And this: “Peak inflation in Europe ‘is almost within reach,’ European Central Bank member says“.
This: “‘Cool’ CPI Print Sparks Massive Dovish Repricing In Rate Expectations, Bonds & Stocks Soar“.
And this: “Inflation Huge Miss: Core CPI Slides From 40-Year-High, Real Wages Tumble For 19th Straight Month“.
(Main US indexes down 2%-2.5% yesterday, 9 November.)
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