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- Inflation Keeps Heating Up . The Producer Price Index Hit The Highest Annual Level Since 2022 .
The producer price index rose 1.3% in September from August and 6.3% from a year earlier, well above economists' forecasts of 0.6% and 5.5%, marking the largest annual increase since 2022. Gasoline prices jumped 20.3%, driving about half of the goods index gain, alongside higher diesel, vegetable, jet fuel and residential electricity prices, while chicken egg prices fell 39.7%. A day earlier, the consumer price index rose 0.6% monthly and 3.7% annually, above the 3.6% expected. Excluding food, energy and trade, PPI rose 0.5% monthly and 5% annually. Odds of a Fed rate hike were little changed at 33.8%, according to CME Group's FedWatch tool, while New York Fed President John Williams said he saw a need for only one more hike this year.
- US Fed rate hike buzz: American inflation highest since COVID, what does it mean for Nifty, Sensex, gold rates? Decoded
US producer prices rose by the most in 4-1/2 years in September, signalling inflation is broadening beyond energy and marking the biggest rise in US inflation since COVID, which has fuelled talk of a Fed rate hike at its end-of-October meeting. Indian market experts say the impact on Indian stocks should be limited because Dalal Street has already discounted a Fed hike through the December 2026 meeting. The probability of a hike reportedly rose from 20% to 27% after the inflation and PPI data. Analysts forecast the Nifty 50 could reach at least 25,500 by the end of 2026 and the Sensex could end around 80,000 to 82,000, with gold at ₹1.60 lakh per 10 grams and silver at ₹2.40 lakh per kg by the end of 2026. They also expect US bond yields to be suppressed, which they see as positive for Indian equities and gold.
- Seattle DJC . com local business news and data - Business - Wholesale inflation highest since 2022
- Eurozone Inflation Confirmed At 3.2%; Highest Since 2023
Eurozone inflation rose to a three-year high in September, driven by a surge in energy prices, Eurostat's final data confirmed. Headline inflation climbed to 3.8% from 3.2% in August, the highest since September 2023, matching the October 2 flash estimate. Core inflation, excluding energy, food, alcohol and tobacco, edged up to 2.5% from 2.4%.
- Eurozone Inflation Confirmed At 3.2%; Highest Since 2023
Eurozone inflation rose to 3.8% in September from 3.2% in August, its highest since September 2023, according to final data from Eurostat. The increase was driven mainly by a surge in energy prices. Core inflation, excluding energy, food, alcohol and tobacco, edged up to 2.5% from 2.4%. The figures matched the flash estimate published on October 2.
- Nifty Plunges Nearly 400 points on Weak Global Cues, Rising Crude; Closes at Lowest Since 6 April
Nifty fell 383 points to close at 23,063, its lowest since 6 April 2026 and its biggest one-session percentage drop since 8 July 2026, after a 225-point gap-down opening. PB Fintech (down 36%), Turtle mint (down 20%) and MFSL (down 10%) slumped after IRDAI issued a consultation paper proposing sweeping changes to insurance distribution. Nifty Midcap 100, Smallcap 100 and Microcap fell 2.25%, 1.53% and 1.48%, while the BSE advance-decline ratio dropped to 0.51. The rupee lost 21 paise to close at 95.95. Technically, the index broke below the 23,100-23,600 consolidation zone, with support seen near 22,700 and resistance at 23,300.
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- Iran warns US and Israel
Iran's Armed Forces Chief of Staff, Major General Ali Abdollahi, warned on October 18 that the US and Israel would face a far harsher response if they continue actions Tehran considers provocative. He said Tehran is awaiting their next moves and that Iran's armed forces remain ready for any scenario. Tehran accuses Washington and Tel Aviv of trying to weaken its government, and tensions have risen since earlier conflicts, including a 12-day war. Iran says it will not back down under external pressure.
- Is TC Energy (TRP) a Good or Bad Investment at Today's Multiple?
TC Energy trades at 21.19 times next year's expected earnings, closing at $61.74 on October 16 after a 1.5% return over 6 months, versus 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The company operates natural gas transmission pipelines across Canada, the United States and Mexico, plus power generation, with a 44.25% operating margin, and latest-quarter earnings rose 18.00% on revenue up 5.70%. The article flags risks including debt at 170.37% of equity, the loss of crude oil pipelines to South Bow in 2024, and volumes that depend on North American gas demand from power and LNG exports. A 4.01% yield is cited as income while the market decides whether the stable business justifies the multiple relative to its growth.
- Should You Buy This Trump AI Stock Ahead of Earnings?
Microsoft (MSFT) reports quarterly results on October 28 and ranks eighth in Trump's latest stock portfolio, after Trump bought the stock five times in August. Bulls point to Azure growth of 43% last quarter, with management expecting about 45% in the current quarter, and to demand that exceeds available computing capacity. Bears cite rising capital spending that Deutsche Bank says could push free cash flow close to breakeven in fiscal 2027, about two-thirds of spending going to short-lived equipment such as chips, and OpenAI making up about 45% of the commercial backlog in the December quarter. The stock trades at 26.75 times forward earnings, a 27% premium to the sector median of 21.01 but 12% below its own five-year average of 30.47, with a PEG ratio of 1.70 versus a sector median of 1.14. The article concludes that investors pay more than for the average tech stock but less than they usually pay for Microsoft.
- What Is Williams' (WMB) Economic Moat, and Is It Steel or Permits?
Williams (WMB) closed at $71.28 on October 16, with a 0.5% return over 6 months, compared with 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The article argues its main advantage is the Transco pipeline, which runs from the Gulf Coast up the eastern seaboard, where several attempts to build new pipe have been abandoned after failing to win approvals. A 39.54% operating margin and 21.50% return on equity are cited as evidence of this advantage, although revenue rose only 7.80% last quarter. Limits noted include debt at 200.37% of equity, rules that also restrict Williams' own growth, and a price of 26.81 times expected next-year earnings. The dividend yields 2.95%.
- Marvell Jumps 6% as GF Securities Says Google Chip Delay Won’t Dent Its Position; Broadcom Rises 3%
Marvell shares rose 6% to $241.27 in afternoon trading after a reported delay in Google's next TPU chip, while Broadcom gained 3%. GF Securities analyst Jeff Pu said the delay does not change Marvell's medium- to long-term position in Google's chip supply chain. Marvell reported Q2 FY2027 revenue of $2.74 billion, up 36.5% YoY, with its Data Center segment at $2.17 billion, or 79% of revenue. Google can acquire up to 7% of Marvell shares under a warrant tied to revenue targets, and management expects its custom business to more than double in fiscal 2028. Q3 revenue guidance is $3.15 billion, plus or minus 5%, with non-GAAP gross margin of 57.5% to 58.5%, and the article notes Marvell still needs to convert its Google programs into reported revenue.
- Is ONEOK (OKE) Cheap at 14 Times Next Year’s Earnings?
ONEOK (NYSE:OKE) closed at $93.31 on October 16 and returned 11.4% over six months, versus 10.5% for the Insider Monkey Billionaire Index. The stock trades at 14.49 times next year's expected earnings and yields 4.59%, and revenue rose 52.80% last quarter as the company grew through acquisitions. The article argues that much of this growth was bought rather than built, with only 13.25% of revenue remaining as operating profit and debt at 143.07% of equity. Because a large part of the business involves buying and reselling liquids rather than earning transport fees, the article views the discount as having a reason behind it. It concludes that investors should watch margins rather than revenue.
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