London stocks edged higher on Wednesday despite faster UK inflation, with the FTSE 100 up 0.2% at 10,752.88 and the FTSE 250 up 0.3% at 24,439.78. Annual CPI inflation rose to 3.5% in September from 3.1% in August, above the 3.4% consensus and driven largely by transport fuel costs, increasing pressure on the Bank of England to raise rates next month. Peel Hunt's Kallum Pickering now expects a November hike rather than a hold, while the CAC 40 gained 1.1% and the DAX 1.4% in Europe. In Paris, Carrefour plunged 13% after cutting its 2026 outlook over the social and security situation in France. On Wall Street, SpaceX rose 9.7% after better-than-expected third-quarter results and after Elon Musk said the firm was considering a possible merger with Tesla, which climbed 3.5%.
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Related tickers and likely impact
QQQ
• NeutralInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 717.63 |
| Change that session | -0.10% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 769.05 |
| Change that session | +0.34% |
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 101.70 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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