Martyn Lockhart
United Kingdom
Good morning from the UK, for the breakfast update. UK inflation has came in as expected with some signs the worst may be over. There were people making the case that inflation may come in hotter than expected, so this may give UK stocks a boost today. UK Inflation (Aug) CPI (YoY): 3.8% vs. 3.8% exp. (prior 3.8%) CPI (MoM): 0.3% vs. 0.3% exp. (prior 0.1%) Core CPI (YoY): 3.6% vs. 3.6% exp. (prior 3.8%) CPI Services (YoY): 4.7% vs. 4.8% exp. (prior 5.0%) Chinese tech stocks continue to rally hard overnight with $BABA (Alibaba-ADR) $0700.HK (Tencent) & $BIDU (Baidu, Inc.-ADR) leading the gains. $UK100 $GBPUSD
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