US Consumer Prices Rise Slightly Less Than Expected In September

9      Markets Insider

9 Markets Insider

The harmonized index of consumer prices, or HICP, also rose 1.8 percent year-on-year in September, same as in the previous month.

"PPI was a little bit better, but that doesn't really translate well to CPI", said Gennadiy Goldberg, an interest rate strategist at TD Securities in NY. The Russian ruble was up by 0.7% at 57.3218 per dollar, while Brent crude oil, the worldwide benchmark, was up by 2.0% at $57.34 per barrel.

In U.S. stocks, banks and media companies were the biggest drags on the S&P 500 as AT&T Inc fueled concerns about video subscribers and investors took fright at comments from JPMorgan and Citigroup's earnings calls.

The price index of a small basket in September 2017 compared to August 2017 was 100.7% and the overall increase since the beginning of the year (September 2017 compared to December 2016) has been 102.1%.

In a separate report on Friday, the Commerce Department said retail sales jumped 1.6 percent in September likely due to the demand for building materials and motor vehicles in the wake of hurricanes Harvey and Irma. The MSCI index reached a record high, as it has for seven of the past eight trading days.

"While a December rate hike had seemed a strong probability after last Friday's solid wage growth data, the picture now looks much more finely balanced", said John Dolan, senior dealer at FEXCO Corporate Payments.

Over the last 12 months, the all items index rose 2.2%.

These Pennsylvania malls are closing on Thanksgiving
The market-dominant regional shopping centers will close for the holiday and open at 6 A.M. on Black Friday , November 24. Lebovitz told CNBC that his company had "such overwhelming support from last year's decision", they felt "validated".

How Insiders and Institutions are Trading Advanced Micro Devices, Inc. (AMD)
After this sale, 2,046,183 common shares of AMD are directly owned by the insider, with total stake valued at $29,055,799. Over the same time span, the stock marked US$15.65 as its best level and the lowest price reached was US$6.22.

El Nino caused record Carbon dioxide spike in 2015-16
And that increase was nearly three parts per million of carbon dioxide per year or 6.3 gigatonnes of carbon. The super-sized El Nino a couple of years ago led to an increase of 3 billion tons of carbon in the air.

The data again showed the impact of oil and petrol, with the gasoline (petrol) index increasing 13.1% and accounting for about three-quarters of the total increase.

The euro was down 0.15 percent to $1.1839 snapping four straight days of gains after rising to its highest since September 25 earlier in the session. Sterling was last trading at $1.3261, up 0.30 percent on the day.

Bitcoin smashed through the $5,000 barrier for the first time and was up 10.1 percent. Core CPI also disappointed, up 0.1% when 0.2% was forecast by economists.

Oil prices firmed on Friday as bullish news from strong Chinese oil imports to turmoil in the Middle East put Brent on track for a almost 2.8 percent weekly gain.

USA crude rose 1.54 percent to $51.38 per barrel and Brent was last at $57.11, up 1.53 percent.

The euro was up by 0.3% at 1.1868 against the dollar.

Latest News