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Market Outlook: Inflation surprises, both in the US and Sweden

  • Stock market euphoria after US inflation figure
  • Unexpected outcome in the US midterm elections
  • Lower than expected Swedish inflation in October

Inflation surprises, both in the US and Sweden
 

Financial markets once again showed how much macroeconomic factors are influencing trading right now. On November 10 − after US headline inflation came in at 7.7% for October, which was lower than expected − stock markets began to celebrate, reflecting hopes that the Fed will soon ease its current aggressive key rate hiking path.

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