Market News

In October 2024, the annual inflation rate in the euro area increased to 2.0%, up from 1.7% in September but lower than the 2.9% recorded in October 2023, according to Eurostat, the statistical office of the European Union.

The U.S. Producer Price Index (PPI) for final demand increased by 0.2% in October 2024, seasonally adjusted, according to the Bureau of Labor Statistics.

Consumer prices saw moderate gains in October, with shelter costs driving the overall increase while energy prices remained stable.

Germany's annual inflation rate, as measured by the Consumer Price Index (CPI), rose to 2.0% in October 2024, an increase from September’s rate of 1.6% and August's rate of 1.9%.

The Bank of England has lowered its benchmark rate by 25 basis points to 4.75%, in line with market expectations. This reduction follows a steady rate in September and a similar 25 basis point cut in August.

Investors watch the 10-year US Treasury yield with the Fed’s upcoming decision and Trump’s policy impact.

As the final quarter of the year began, US service providers sustained strong growth in business activity.

For the week ending October 26, seasonally adjusted initial jobless claims in the U.S. decreased to 216,000, marking a decline of 12,000 from the previous week’s revised level, which was adjusted up by 1,000 from 227,000 to 228,000.