US Consumer Prices Rise 0.5% In September, Slightly Less Than Expected

The US dollar has some momentum into the retail sales and CPI numbers. What to watch for

U.S. Treasury prices gained after the Treasury Department saw strong demand for a sale of 30-year bonds.

Consumer prices rose for the second straight month in September, reflecting rising gasoline costs following hurricanes striking the southern US, the Labor Department said Friday.

The US dollar index is down by almost 10% from US President Donald Trump's inauguration. "It's largely corrective as the market awaits fresh signals". It had fallen earlier after the European Union's chief negotiator said Brexit talks were at an "impasse", ramping up political risks for the currency which is down about 12 percent since last year's EU vote.

European shares rose to their highest in almost four months, helped by corporate earnings updates.

The Dow Jones Industrial Average fell 31.88 points, or 0.14 percent, to end at 22,841.01, the S&P 500 lost 4.31 points, or 0.17 percent, to 2,550.93 and the Nasdaq Composite dropped 12.04 points, or 0.18 percent, to 6,591.51. The MSCI index reached a record high, as it has for seven of the past eight trading days.

Meanwhile, the monthly rise in auto sales was 3.6% in September, with unit sales reaching a 12-year high, and sales of building materials and garden equipment were up 2.1% on the month.

Analyst Stock Ratings: Marathon Oil Corporation (MRO), MGM Resorts International (MGM)
It improved, as 15 investors sold TBI shares while 43 reduced holdings. 59 funds opened positions while 108 raised stakes. The oil and gas producer reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.01.

(CMCSA) Shares Sold by Guardian Investment Management
Moreover, Quantbot Technology LP has 0.07% invested in Red Hat Inc (NYSE:RHT). 124,150 are owned by Twin Tree Limited Partnership. Comcast Corporation (CMCSA ) has been given an average price target of $46 from analysts, according to data collected by Finviz.

NY grand jury subpoenas Oklahoma State for NCAA violations records
The subpoena also demands the records of all communication between the athletics staff and the parents of current members of the team.

The inflation rate since the beginning of the year (September 2017 compared to December 2016) has been 0.7% and the annual inflation in September 2017 compared to September 2016 was 1.3%.

The gasoline index increased 13.1% in September, the Bureau said, which accounted for about three-quarters of the seasonally adjusted increase as was likely to have been boosted by the impact of Hurricane Harvey.

On a monthly basis, the CPI edged up 0.1 percent for the second straight month.

Bitcoin smashed through the $5,000 barrier for the first time and was last up 10 percent on the day. Core CPI also disappointed, up 0.1% when 0.2% was forecast by economists.

"I$3 t's worth noting that the CPI number is not the Fed's preferred measure of inflation but it is released a couple of weeks before the core PCE price index and there is followed closely for signs of price pressures building or declining", Craig Erlam, senior market analyst at OANDA, said in emailed commentary.

Against the euro, the dollar fell 0.3% to $1.1864 and was 0.4% lower versus the pound at $1.3315.

Related:

Comments

Latest news

Ubisoft details South Park: Fractured But Whole's season pass
There's not much in the way of information on this one just yet, but it will, says Ubisoft , introduce an all-new superhero class. Towelie: Your Gaming Bud provides helpful and hilarious advice and commentary to players at key locations throughout the game.

NeNe Leakes fired over rape joke
Leakes has yet to respond to the report, though the Great Xscape tour promo on her Instagram has since been removed. She has apologized for her careless offensive comment, but it still costs her her hosting gig on Xscape's tour.

Trent Reznor & Atticus Ross' share cover of John Carpenter's 'Halloween' theme
At almost eight minutes long, the pair's reworked version is just as chilling as the 1978 original . As we get closer to the great celebration that is Halloween , put this theme on repeat and enjoy.

'Diet avocados' are a thing and millenials have officially taken over
It's hard advice to follow as avocados don't keep longer than a day because they quickly turn brown, which can lead to food waste. A new low-fat, low-calorie avocado is being rolled out by a Spanish company, which is calling the product "Avocado Light".

Drilling Down Into Nutanix, Inc. (NTNX)
The Manufacturers Life Insurance Company raised its position in shares of Nutanix by 661.5% during the 2nd quarter. Also, EVP David Sangster sold 27,000 shares of the firm's stock in a transaction dated Tuesday, May 2nd.

TN to cut entertainment tax by two per cent
The officials also said the team will analyse the factors leading to the rise in dengue cases in the state. The total ticket price will be approximately around Rs 230.

ASI Killed In Clashes Between Police, Bimal Gurung's Supporters Over Gorkhaland Agitation
A sub-inspector was shot dead and four policemen were injured in clashes between the supporters of Bimal and the police. State tourism minister Gautam Deb said the state government was determined to establish peace in the Darjeeling hills.

Life is Strange: Before the Storm Episode 2 comes out next week
It clocks in at a couple of hours and you can enjoy it without having played through the original Life is odd . A new trailer has also been released to preview the upcoming episode.

Qatar, France neck-and-neck for UNESCO chief
However, UNESCO does not observe the kind of rotation by world region which is used when choosing a UN secretary general. Arab countries have long wanted to lead the organization, but the Palestine issue has complicated the election.

Boston Partners Decreases Stake in Express Scripts Holding Company (ESRX)
Meritage Portfolio Management decreased Centurylink (NYSE:CTL) stake by 105,095 shares to 90,495 valued at $2.16M in 2017Q2. Wg Shaheen Assocs Dba Whitney Company reported 1.18% of its portfolio in Express Scripts Holding Company (NASDAQ: ESRX ).

Juncker calls Brexit talks on citizens' rights 'nonsense'
In a debate at a university in his native Luxembourg, Juncker was brutally honest in his assessment of the Brexit talks. Why not say easily, with common sense, that things will stay as they are? Let them here, let them there.

Kobe Steel scandal expands to engines and tires
Daimler and PSA Group denied a Nikkei report on Friday that they had received materials with falsified data from Kobe Steel . Asked about the status of the Kobe contract with Safran, an Airbus spokeswoman said its investigation was continuing.

Google Pixel 2 Launcher now available to Download
The Pixel 2 launcher comes with new features including the bottom Google Search bar, a Glance widget, and minor animation changes. To achieve this, the Mountain-View California-based tech giant is integrating its video calling app, Duo into Android apps.

Pa. sues over new Trump birth control rules
This decision by the Trump administration is a direct play to the religious right. Previously, AGs in California and MA also sued to nullify the rules.

Finnish flag carrier Finnair retires apocalyptic Friday 13th Flight 666 to HEL
Veteran pilot Juha-Pekka Keidasto who is flying the plane says he is not superstitious or scared of flying on Friday the 13th. The flight started 11 years ago and has fallen on Friday the 13th 21 times with no reported ill effects.

Other news