Stocks positive after US and China inflation data

Stocks positive after US and China inflation data

Stocks have opened higher this morning. Investors are weighing the latest US inflation data for September which came in slightly higher than expected at 5.4%, and the latest Fed minutes which indicated the central bank could begin the tapering process as early as mid November.

Helping sentiment is a positive start to third-quarter earnings season and an unexpected easing of inflation in China with consumer price inflation slowing to a 6-month low of 0.7% for September.

 

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