Mackler, Governor of the Bank of Canada: As expected, the high housing inflation continued to ease, and the downward pressure of commodity prices on inflation eased.Fitch: The progress of inflation decline seems to have ended. Brian Coulton, chief economist of Fitch, said that the decline of core commodity prices (the main force of inflation decline this year) seems to have ended. With the increase of automobile prices, the core commodity prices rose by 0.3% month-on-month. Service inflation is declining, but the rate of decline is very slow, because rent inflation is stubborn, and the service inflation is 4.6%, which is still far higher than the pre-epidemic level.Bank of Canada: The sharp interest rate cut is aimed at supporting economic growth and keeping CPI at a level close to 2%.
MicroStrategy rose more than 5%, and Bitcoin strengthened again today, rising nearly 4% to nearly $100,000.The Nasdaq index just broke through the 19900.00 mark, and the latest report was 19900.89, up 1.09% in the day.Market information: EU member states agreed to impose the 15th round of sanctions on Russia, and the US crude oil futures price rose by more than USD 1/barrel.
Schneider, former CEO of Nestle, was nominated to join the supervisory board of Siemens.Bank of America: In the third quarter, auto loans reached the highest level in eight years, and the financing demand for electric vehicles is growing.Market news: Russia may use new medium-range ballistic missiles to Ukraine.