- Equity markets in Europe are largely higher as the bullish mood continues, but US stocks are under pressure due to the jump in inflation.
- Gold gained ground due to the slip in the US dollar. The metal hit its highest mark in over two weeks.
- Oil is higher again following the sharp decline in US inventories posted yesterday. The Energy Information report showed that stockpiles dropped by 4.5 million barrels, while the forecast was for an increase of 1.5 million barrels.
- US CPI jumps to 7.5% from 7%, topping the 7.3% estimate. The core CPI rate ticked up from 5.5% to 6%. EUR/USD is trading below 1.1400, for the first time in one week.
Economic and fundamental developments 10-02-2022 US session
10 Feb 2022 05:01 PM
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