The unexpected increase in automotive prices will only weaken demand." Core CPI, which excludes food and energy, climbed 0.3% M/M for a third straight month in October, matching the consensus estimate. On a Y/Y basis, that comes to +3.3% vs. +3.3% expected ...

We start this mid-week trading day in the pre-markets with important inflation data: the Consumer Price Index (CPI) for October. Results were in-line with expectations across the board (see below for details) and pre-market futures had initially gathered steam on the indexes.