Oct 16, 2017 8:58 AM | Daily Market News
Sentiment on stock markets remains relatively positive, also thanks to recent solid economic data from the USA, Europe and China. Consumer price data from the US indicated slightly higher inflation in September. Inflation rose from 1.9% in the previous month to +2.2%, with analysts forecasting an even stronger increase to +2.3% on average. Core inflation remained unchanged at +1.7%. In view of the strength of the American economy and the labor market, Fed head Janet Yellen sees further gradual increases in interest rates as appropriate despite low inflation. At the same time, retail sales rose sharply by +1.6% over the previous month, and US sentiment reached its highest level in 13 years, according to an initial assessment of the University of Michigan Monthly Survey in October.