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AI News Brief · Tuesday, November 10

US CPI and Russia-Ukraine talks in focus; bond market shut Wednesday

Risk assets rallied on Monday, with the S&P 500 up 2.3% and the Nasdaq up 2.7%, on tech dip-buying and lower oil prices. Tuesday's session centres on inflation data and the start of Ukraine talks.

  • October US consumer price index is due Tuesday morning. Consensus is +0.3% m/m for headline (from 0.6% in September) and +0.2% m/m for core (from 0.3%). A 43-day government shutdown means no official annual rate is available, so the monthly core reading carries most of the weight.
  • Wednesday is a partial US market holiday for Veterans Day: the bond market is closed, while the NYSE and Nasdaq are open.
  • Trump said he sees a "strong inclination" to end Russia's war in Ukraine ahead of US-brokered trilateral talks set to begin later Tuesday in Abu Dhabi.
  • China's October goods exports rose 35.2% from a year earlier, above a 33.5% Reuters poll forecast. Imports jumped 41.6% and the trade surplus narrowed sharply.
  • Japanese household spending fell 6.8%, its tenth straight monthly decline, as the Bank of Japan weighs a possible December rate hike.