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PARIS (dpa-AFX) - French inflation accelerated more than expected in September on energy and fresh food prices, preliminary estimate from the statistical office INSEE showed Wednesday.Consumer price inflation rose to 3.0 percent from 2.4 percent in August. A similar higher rate was last seen in Feb…
INSEE said harmonised inflation was 3.4% year-on-year in September versus 2.6% in August; domestic CPI rose 3.0% y/y. Energy, services and food prices accelerated, while the harmonised index fell 0.4% on the month.
S&P 500 and Nasdaq modestly lower; Dow about 0.6% down. Utilities lead gainers, healthcare lags. Dollar firmer, gold up about 1%, US crude down over 2%, and US 10-year yield around 5.28%. Apollo Global Chief Economist Torsten Slok highlights a potential gap between AI cash-flow projections.
HIGHLIGHTS * Gov Barr (permanent FOMC voter)'s speech Tuesday is primarily on the longer-term outlook for the housing sector, but importantly he notes that his "base case" is for "further policy adjustments" (plural) * Iranian security chief Rezaii via Irib: "Iran has not been in a hurry to negotiate; today, Iran's con
US launches airstrikes against Iran