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#SPX500: US equity markets face testing times amid rising energy costs, inflation worries and bond market turbulence
Everything you need to know π https://t.co/TmHK4OLahQ
Euro-area inflation is back above 3%, reinforcing an ECB hike in September - though that was already the base case before the figures dropped.
Headline HICP: 3.2%
Core: 2.4%
Services: 3.0%
Energy: 14.3%
Energy is doing the heavy lifting, while core and services eased.
A December now depends on whether the energy shock starts bleeding into underlying inflation.
Stocks and gold rebound sharply and yields tumble after the US Treasury doubles size of long-end Treasury buybacks in surprise announcement. Oil prices remain a key risk still. Everything you need to know π https://t.co/tJBq5c6y4a