US inflation accelerates to 3.7% in September, above expectations

US inflation rose to 3.7% in September from 3.4% in September. The figure is above the expectations of analysts who were betting on +3.6%. On a monthly basis, prices recorded a +0.6%. The core index, net of energy and food, stood at 2.6% on an annual basis and 0.3% on a monthly basis, in both cases above expectations.

European stock markets slow after the data. Government bonds are rising, with the US 10-year yield rising by 10 basis points. The dollar strengthens against the main currencies, with the euro falling to 1.1135 against the greenback. In the Old Continent, Milan is at the bottom (-0.3%). Positive London (+0.3%), Paris (+0.8%), Frankfurt (+0.7%) and Madrid (+0.6%). Government bonds are back in tension. The spread between BTPs and Bunds rises to 108 points, with the Italian 10-year rate at 4.58% and the German one at 3.5%. France increased by five basis points to 4.88%, Spain to 4.12% and Greece to 4.41%.