US inflation boosts stock market

Source: Dukascopy Bank SA


The US monthly Consumer Price Inflation has increased by 0.1% instead of the forecast 0.3%. Year-on-year inflation is at 7.1%, compared to forecast 7.3%. Meanwhile, core CPI month-on-month is at 0.2% instead of 0.3%.

The markets reacted to the news with an immediate spike up, as US 500 index hit the 4,140.00 mark.

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