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S&P futures are indicating a flat open, while Asian and European markets are generally weaker today. For today's highlight, UK's September inflation came in below the BoE's 2% target at 1.7%, lower than the expected 1.9%. Core CPI also decreased to 3.2%, with significant downward pressure from transport costs. Pipeline inflation shows downward trends, with both output and input prices declining. These developments, along with slowing wage growth, increase the likelihood of a BoE rate cut in November.
Companies Mentioned: KKR, SHEIN, Qualcomm, Intel
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S&P futures are indicating a flat open, while Asian and European markets are generally weaker today. For today's highlight, UK's September inflation came in below the BoE's 2% target at 1.7%, lower than the expected 1.9%. Core CPI also decreased to 3.2%, with significant downward pressure from transport costs. Pipeline inflation shows downward trends, with both output and input prices declining. These developments, along with slowing wage growth, increase the likelihood of a BoE rate cut in November.
Companies Mentioned: KKR, SHEIN, Qualcomm, Intel
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