U.S. and European exchanges reacted violently to U.S. inflation statistics

The inflation rate in the United States for October, according to data released Thursday, declined more than forecast - to 7.7% against expectations of 8.0%. In September the figure was 8.2%. The main American stock indices reacted with huge increase - as the result of the day NASDAQ went up by 7.35%, S&P 500 - by 5.54%, Dow Jones - by 3.7%. German DAX gained 3.51%, British FTSE 100 and French CAC 40 gained 1.08% and 1.96% accordingly.

The stats served as a stimulus for investors who perceive lower inflation as a prerequisite for the Fed to ease monetary policy and moderate the pace of rate hikes. In opinion of the overwhelming majority of analysts interrogated by CME Group, in December the key rate will be raised by the regulator on 50 basic points - such opinion adheres to about 81 % of respondents, 19 % expect more aggressive raising - on 75 bps.