(News Bulletin 247) – The CAC 40 accelerates upwards after the publication of consumer price figures in the United States for the month of October. The euro is also recovering.

It was the most anticipated release of the day: US inflation figures for October. And the figures published at 2:30 p.m. this Tuesday are to the delight of “bull” investors, that is to say those who are betting on an increase in the markets, because they come out lower than expectations.

Consumer prices in the United States slowed down significantly in October. The consumer price index (CPI) stood at 3.2% over one year in October, compared to 3.7% in September while economists surveyed by the Wall Street Journal expected a figure of 3.3% over a year. From one month to the next, the progression is even zero, where economists expected a slowdown to 0.1%.

Better yet, so-called “core” inflation, that is to say excluding the price of food and energy, stood at 4.0% over one year, the lowest for more than two years. years. Today’s statistic further distances the prospect of a rate hike from the American Federal Reserve.

On the bond market, the yield on ten-year American debt fell to 4.463% compared to 4.63% on Monday.

Following this publication, the CAC 40 accelerated the pace, gaining 0.92% around 3:10 p.m. to 7,152 points, compared to a meager increase of 0.1% just before these statistics published at 2:30 p.m.

Above all, the euro is increasing its gains, or more precisely, the dollar is losing ground. The euro zone currency gained 0.92% against the greenback at 1.0810 dollars while it gained 0.2% before these indicators.