{"id":440073,"date":"2026-10-14T18:24:44","date_gmt":"2026-10-14T11:24:44","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-news-wrap-markets-trim-gains-as-oil-prices-rise-ahead-of-us-cpi-440073\/"},"modified":"2026-10-14T18:24:44","modified_gmt":"2026-10-14T11:24:44","slug":"investinglive-european-news-wrap-markets-trim-gains-as-oil-prices-rise-ahead-of-us-cpi","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-news-wrap-markets-trim-gains-as-oil-prices-rise-ahead-of-us-cpi-440073\/","title":{"rendered":"investingLive European news wrap: Markets trim gains as oil prices rise ahead of US CPI"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/cryptocurrency\/bitcoin-consolidates-in-a-tight-range-ahead-of-the-us-cpi-what-to-watch-next\" rel=\"follow\">Bitcoin consolidates in a tight range ahead of the US CPI. What to watch next?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/technical-analysis\/nasdaq-analysis-today-as-price-is-dancing-around-yesterday-s-close-but-probably-not-for-long\" rel=\"follow\">Nasdaq analysis today as price is dancing around yesterday&#8217;s close (but probably not for long)<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/crude-oil-extends-gains-as-houthi-attacks-on-saudi-arabia-escalate-raising-supply-disruption-risks\" rel=\"follow\">Crude oil extends gains as Houthi attacks on Saudi Arabia escalate, raising supply disruption risks<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/china-s-september-lending-surprise-masks-a-much-deeper-slump-in-credit-demand\" rel=\"follow\">China&#8217;s September lending surprise masks a much deeper slump in credit demand<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/cryptocurrency\/ethereum-remains-under-pressure-amid-intensifying-geopolitical-and-macro-risks-what-s-next\" rel=\"follow\">Ethereum remains under pressure amid intensifying geopolitical and macro risks. What&#8217;s next?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/today-s-oil-price-analysis-shows-early-signs-that-bulls-are-losing-steam\" rel=\"follow\">Today&#8217;s oil price analysis shows early signs that bulls are losing steam<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/education\/connecting-the-dots-why-strong-us-bank-earnings-don-t-always-mean-a-healthy-economy\" rel=\"follow\">Connecting the dots: Why strong US bank earnings don&#8217;t always mean a healthy economy<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/gold-gets-hit-again-by-a-jump-in-oil-prices-as-the-focus-turns-to-us-cpi-what-to-watch\" rel=\"follow\">Gold gets hit again by a jump in oil prices as the focus turns to US CPI. What to watch?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/european-stock-market-open-stocks-advance-as-investors-brace-for-us-inflation-data\" rel=\"follow\">European stock market open: Stocks advance as investors brace for US inflation data<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/spain-september-cpi-confirmed-at-4-9-as-rising-core-inflation-adds-to-ecb-rate-hike-pressure\" rel=\"follow\">Spain September CPI confirmed at 4.9% as rising core inflation adds to ECB rate hike pressure<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/what-is-the-distribution-of-forecasts-for-the-us-cpi-2\" rel=\"follow\">What is the distribution of forecasts for the US CPI?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/what-are-the-main-events-for-today-63\" rel=\"follow\">What are the main events for today?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/german-wholesale-prices-continue-to-push-higher-in-september-keeping-inflation-risks-in-focus\" rel=\"follow\">German wholesale prices continue to push higher in September, keeping inflation risks in focus<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/technical-analysis\/chart-of-the-day-gold-price-faces-crucial-4-200-breakout-test-as-us-cpi-looms\" rel=\"follow\">Chart of the day: Gold price faces crucial $4,200 breakout test as US CPI looms<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/economic-data-spotlight-will-the-us-cpi-report-change-the-fed-s-rate-hike-plans\" rel=\"follow\">Economic data spotlight: Will the US CPI report change the Fed&#8217;s rate hike plans?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/orders\/fx-option-expiries-for-14-october-10am-new-york-cut\" rel=\"follow\">FX option expiries for 14 October 10am New York cut<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul style=\"box-sizing: inherit; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-variant-alternates: inherit; font-variant-position: inherit; font-weight: 400; font-stretch: inherit; font-size: 16px; line-height: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-language-override: inherit; vertical-align: baseline; border: 0; margin: 0 0 20px; padding: 0 0 0 19px; font-family: Inter, InterFallback, serif; list-style: outside; text-indent: -3px; color: rgba(0, 0, 0, 1); letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0; white-space: normal; background-color: rgba(255, 255, 255, 1); text-decoration-style: initial; text-decoration-color: initial\">\n<li style=\"box-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-language-override: inherit; vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0\">WTI crude oil up\u00a01.38% to $95.45<\/li>\n<li style=\"box-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-language-override: inherit; vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0\">Gold down -0.47% to $4137<\/li>\n<li style=\"box-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-language-override: inherit; vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0\">AUD leads, CHF lags<\/li>\n<li style=\"box-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-language-override: inherit; vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0\">S&amp;P 500 up 0.13% to 7866<\/li>\n<li style=\"box-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-language-override: inherit; vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0\">US 10y Treasury yield down 1 bps to 5.20%<\/li>\n<li style=\"box-sizing: inherit; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-language-override: inherit; vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0\">Bitcoin up +0.26% to $83,317<\/li>\n<\/ul>\n<p>It&#8217;s been a rather uneventful session in terms of economic data or news releases. WTI crude has extended the gains into new weekly highs this morning, leading to a pullback in all the other markets. There was no clear catalyst for the move, although\u00a0Iran&#8217;s revolutionary guards said that a\u00a0container ship sunk in the south of the Strait of Hormuz after hitting a naval mine.\u00a0<\/p>\n<p style=\"box-sizing: inherit; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-variant-alternates: inherit; font-variant-position: inherit; font-weight: 400; font-stretch: inherit; font-size: 16px; line-height: 22px; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-language-override: inherit; vertical-align: baseline; border: 0; margin: 0 0 20px; padding: 0; font-family: Inter, InterFallback, serif; transition: 0.3s; color: rgba(0, 0, 0, 1); letter-spacing: normal; orphans: 2; text-indent: 0; text-transform: none; widows: 2; word-spacing: 0; white-space: normal; background-color: rgba(255, 255, 255, 1); text-decoration-style: initial; text-decoration-color: initial\">In the American session, all eyes will be on the US CPI report. The focus will be mainly on the Core CPI M\/M measure, as Fed members have been focusing on the monthly pace of core inflation to determine how many rate hikes will be needed and how quickly they should tighten policy.<\/p>\n<p style=\"box-sizing: inherit; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-variant-alternates: inherit; font-variant-position: inherit; font-weight: 400; font-stretch: inherit; font-size: 16px; line-height: 22px; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-language-override: inherit; vertical-align: baseline; border: 0; margin: 0 0 20px; padding: 0; font-family: Inter, InterFallback, serif; transition: 0.3s; color: rgba(0, 0, 0, 1); letter-spacing: normal; orphans: 2; text-indent: 0; text-transform: none; widows: 2; word-spacing: 0; white-space: normal; background-color: rgba(255, 255, 255, 1); text-decoration-style: initial; text-decoration-color: initial\">The probabilities for a rate hike in October currently sit around 21% because traders have been waiting for the CPI data to completely rule out a hike at the upcoming meeting despite the pushback from Fed members. I feel like an uptick to 0.3% might not be enough for the market to fully expect a hike in October, but a jump to 0.4% should definitely do it. In such a case, I would expect the market to go into risk-off with the stock market falling, the US dollar rallying and precious metals sinking.<\/p>\n<p style=\"box-sizing: inherit; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-variant-alternates: inherit; font-variant-position: inherit; font-weight: 400; font-stretch: inherit; font-size: 16px; line-height: 22px; font-size-adjust: inherit; font-kerning: inherit; font-feature-settings: inherit; font-language-override: inherit; vertical-align: baseline; border: 0; margin: 0 0 20px; padding: 0; font-family: Inter, InterFallback, serif; transition: 0.3s; color: rgba(0, 0, 0, 1); letter-spacing: normal; orphans: 2; text-indent: 0; text-transform: none; widows: 2; word-spacing: 0; white-space: normal; background-color: rgba(255, 255, 255, 1); text-decoration-style: initial; text-decoration-color: initial\">An in-line or even lower than expected figure, on the other hand, will likely provide a short-term relief, giving the stock market and precious metals a boost while weighing on the US dollar. The data won&#8217;t change the bigger picture, though, as the inflationary pressures from the Middle East crisis will persist.<\/p>\n<p>                            This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: Bitcoin consolidates in a tight range ahead of the US CPI. What to watch next? Nasdaq analysis today as price is dancing around yesterday&#8217;s close (but probably not for long) Crude&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-440073","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=440073"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440073\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}