Impact of US inflation data on stock markets, here are 5 things to watch out for in near-term
US inflation for October came in at 3.2%, below estimates but above the Fed's target, impacting the stock market. Nifty 50 and Sensex indices in India saw a bullish start following softer-than-expected US inflation data.
The US inflation print for October came in at 3.2%, which was lower than analysts estimates but above the US Federal Reserve's 2% inflation target. This changed the sequence of events for the stock market on Wednesday. Tracking overnight cues from the US market, the domestic equities benchmark indices got off to a bullish start. Softer-than-expected US inflation data supported the view that the central bank might be done hiking interest rates.