Wolf Money(World Market Review 12-18 Oct 2026)
(Image credit: Moneycontrol.com) Market Summary 12-18 Oct 2026 *USA* -US CPI up from 3.4% to 3.7% YoY in Sept, Core CPI rose 2.6% vs Aug’s 2.4%, gasoline rose 9.1%, accounting for >50% of headline index’s increase -US producer price index up 1.3% MoM in Sept, up 6.3% YoY, largest 12-mth increase since Dec 2022, 2nd highest on record ± US business inventories in manufacturing and trade sectors rose 0.4% MoM in Aug to US$2.82 trillion, up 4.6% on annual basis + US retail sales up by 0.8% MoM in Sept on gasoline receipts, landing at US$745.0bn, vs forecasts 0.3% gain -US major indexes closed the wk mostly lower, sharp sell-off in AI related stocks, Nasdaq declining 4.48% + US initial applications for jobless benefits at 199,000, 5th consecutive reading below 200,000 + US weekly employment added 24,750 jobs: ADP -US budget deficit stood at US$1.99 trillion for 2026 fiscal year, largest in 5 years + US industrial production up 0.7% MoM in Sept...