Stocks positive after US and China inflation data

Stocks positive after US and China inflation data

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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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