Soft Inflation and Solid Growth Buoy Riskier Assets

European yields moved lower weighing on the Euro as Eurozone equity bourses moved higher following weaker than expected Eurozone HICP inflation. Solid growth and better than expected jobless numbers highlight that underlying inflation pressures are slowly starting to build, even if core inflation fell back to just 0.9% year over year in September. The DAX remained closed for a holiday, while Spain’s IBEX continued to outperform as Catalonia’s independence leaders fled the country and unity supports gain in the polls.

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