Markets are focusing on the upcoming US October inflation data. Federal Reserve Chair Christopher Waller said in a speech in London that he supports a 25 bps rate hike in December, and is open to a 50 bps hike if inflation data comes in worse than expected. CME data showed a 95.6% probability of a 25 bps rate hike by the US in December.

Futures for the three major US stock indices were mixed. DJIA futures rose 120 points or 0.2% to 52,618. S&P 500 futures and Nasdaq futures fell 0.04% and 0.39%, respectively. US President Donald Trump said the conflict with Iran would end fairly quickly, sending international oil prices lower. Brent oil futures slid 2.1% to USD90.67 per barrel, having briefly dropped below the USD90 mark intraday for the first time since August.

Major European bourses broadly advanced in early Tuesday trading. The STOXX Europe 600 added 0.7% to 661.37. The UK's FTSE 100 gained 42 points or 0.4% to 10,825. France's CAC hiked 0.95%, while Germany's DAX climbed 1.05%. Italy's FTSE MIB gained 1.4%, while Spain's IBEX 35 advanced 1.2%.
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AASTOCKS Financial News
Website: www.aastocks.com

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