Inflation in the U.S. was worse than predicted, in Germany – reached a record value

Inflation in the United States for September was worse than forecast - 8.2% against expectations of 8.1%. In Germany it reached a record high of 10% in the same month. Oil reserves in the USA unexpectedly increased by 9.9 million barrels, which is the highest value for 14 months. Analysts had expected a 1.75 million growth. At the same time, the strategic oil reserve decreased to its lowest in 38 years, 408.7 million barrels. Gas reserves in the country increased last week more than expected - by 125 billion cubic feet, the forecasted estimate was 123 billion.

The main US stock indices opened yesterday with a gap on inflation data but came out on the rise after the gas and oil inventories data. By the end of the day Dow Jones gained 2.83%, S&P 500 gained 2.60% and NASDAQ gained 2.23%. European indices finished Thursday in the same way up - German DAX gained 1.51%, British FTSE 100 gained 0.35% and French CAC 40 gained 1.04%. The dollar index which soared after the inflation statistics up to nearly 114 points (113.85) lost the whole growth after the gas and oil reserves data release.