Us CPI rose more than expected in September, the biggest increase in more than three years and the fifth consecutive month of year-on-year growth of more than 5 per cent. There are comments that the data show that companies are in a better position to transfer rising costs to consumers in the face of high inflation without hurting their business.

Technology stocks supported the U. S. stock market, with most leading technology stocks led by Microsoft Corp and Amazon.Com Inc higher, but on Tuesday it was reported that Apple Inc, who lowered his iPhone production target due to chip shortages, continued to fall. Biotechnology stocks continue to rise, close to the United States FDA to decide whether to approve the strengthening needle, Moderna Inc accelerated rise. Despite the better-than-expected results in the third quarter, the share price of JPMorgan Chase & Co, which kicked off the three-quarter report, fell, and bank stocks mostly fell. Delta Airlines, which announced its quarterly results, also fell, dragging down airline stocks. The division's revenue in the third quarter was higher than expected, but warned that increased fuel costs and other charges would put pressure on fourth-quarter earnings.

European stocks were also supported by technology stocks, with SAP, Europe's largest technology company by market capitalization and German software company SAP, raising its annual earnings forecast and shares soaring, as technology-led sectors led the pan-European stock index to rebound.

After the announcement of the US CPI, the decline of the US dollar index narrowed in the short term, and then expanded soon; European government bond yields rose in the short term and then fell back quickly; the yield on the benchmark 10-year Treasury note rose again to 1.60% in the short term, but soon fell below 1.55%. At one point, it measured 1.53%, down nearly 10 basis points from the five-month high set on Tuesday. While the market's Fed is expected to raise interest rates strongly next year, the yield on the two-year bond, which is more sensitive to interest rates, maintained an upward trend, approaching 0.40% in intraday trading, hitting another high in more than a year since the outbreak of the epidemic.

The minutes of the meeting released by the Federal Reserve disclosed the Taper road map for the first time, and it is expected to begin to scale back bond purchases as soon as mid-November, considering the possibility of buying less than $15 billion a month, and ending bond purchases around the middle of next year. On the whole, US stocks maintained the momentum of rebound. The decline of the dollar index remained unchanged, and the yield on 10-year US bonds narrowed slightly, failing to recover 1.60% of the rise in 2-year yields.

Precious metals rose across the board, supported by falling yields on the dollar and Treasuries, with gold rising 2 per cent for the first time this month, closing close close to $1800 for the first time in a month, and silver hitting an one-month high. Among the base metals, Nyrstar, the global non-ferrous metals giant and one of the largest zinc smelters, suddenly announced that due to soaring electricity prices, the output of its three European zinc smelters will be cut by as much as 50%. The news of Eurasian zinc has soared. Shanghai zinc has reached a new high in nearly 14 years, and Lun zinc has risen more than 4% in one day, the fourth day in a row, the highest level in more than three years.

Among other commodities, after China reported a drop in crude oil imports in September, international crude oil fell, US oil ended four consecutive days of gains, and cloth oil continued to fall, falling off seven-year and three-year highs respectively. But natural gas rose in both Europe and the United States, with the biggest increase in Europe in more than a week. Us gasoline also continues to rise, with the US Department of Energy reporting that domestic consumer spending on heating oil and natural gas will increase by 43 per cent and 30 per cent this winter.

The offshore yuan rose above 6.43 to an one-month high, boosted by a weaker dollar.

The three major US stock indexes have stopped three consecutive losses, only the energy and financial sectors have outperformed the pan-European stock index and reached a new high of more than 2% in more than two weeks.

The three major US stock indexes collectively opened higher, but the Dow Jones Industrial average and the S & P 500 turned lower in early trading, while only the NASDAQ rose throughout the day. When the morning session was low, S & P fell nearly 0.5%, the Dow fell more than 260 points, fell nearly 0.8%, and then rose in midday.

In the end, the three major indexes ended the momentum of collective decline in three days. The s & p 500 closed up 0.3% at 43623.8, the Nasdaq closed up 0.73% at 14571.63, and the Dow closed slightly lower at 34377.81. Russell 2000, a small-cap stock index dominated by value stocks, fell in early trading and closed up 0.34%. The tech-heavy Nasdaq 100 index closed up 0.77%, outperforming the market, sweeping away Wednesday's decline.

Of the 11 sectors of the s & p 500, only finance, which fell more than 0.6%, and energy, which fell 0.1%, closed down on Wednesday. Public utilities rose by more than 1.1%, followed by materials that rose by more than 0.7%. Information technology and non-essential consumer goods both rose by nearly 0.6%, with the smallest increase in health care, which rose less than 0.1%.

Leading technology stocks mostly closed higher, with Tesla, Inc. up nearly 0.7 per cent. Among the FAANMG's six largest technology stocks, only Apple Inc, who fell more than 0.4 per cent, closed down, Microsoft Corp and Amazon.Com Inc rose more than 1 per cent, Nai soared nearly 0.8 per cent, and Alphabet Inc-CL C's parent company Alphabet rose more than 0.8 per cent.

Most biotech stocks continued to rise, with the Nasdaq biotech index closing up more than 0.4%. Among COVID-19 's vaccine stocks, CureVac, which fell more than 4 per cent on Tuesday, closed up 6.6 per cent, BioNTech moderna was up more than 3 per cent, Novak was up nearly 2 per cent, Johnson & Johnson was up more than 0.9 per cent, and Huirui, a partner in BioNTech, fell 1 per cent.

Bank stocks mostly fell, with the KBW bank index (BKX) closing down nearly 0.8 per cent, while JPMorgan Chase, which reported results, fell about 2.6 per cent. Among other big banks, Wells Fargo & Co is down more than 1%, Bank of America Corporation is down 0.9%, Citi is down more than 0.5%, Morgan Stanley is up more than 0.8%, and Goldman Sachs Group is down less than 0.1%.

Among the stocks that reported results, Delta closed down about 5.8%. The other three major airlines also fell. American Airlines and United Airlines fell more than 3%, while Southwest Airlines fell more than 1%. In addition, Boeing Co, the Dow component stock, fell nearly 0.8 per cent.

Several popular US-listed stocks outperformed the market, with ETF KWEB and CQQQ closing up more than 3 per cent and 2 per cent respectively. RLX Technology rose nearly 15%, New Oriental Education & Technology Group rose over 8%, Zhihu Inc. rose nearly 6%, TAL Education, XPeng Inc. and Kingsoft Cloud Holdings rose over 5%, Pinduoduo rose over 4%, Tencent ADR and Bilibili Inc. rose over 3%, Alibaba, Baidu, JD.com, NIO Inc and Li Auto rose over 2%, iQIYI rose nearly 2%, and Weibo rose over 1%.

Among European stocks, the pan-European Stoxx 600 index posted its biggest gain since Tuesday, closing above 460 points for the first time since Sept. 27. The stock indexes of major European countries rose and fell for four consecutive days, with German stocks falling for three days in a row, British and French stocks rebounding, and Western and Italian stocks dragged down by the adverse market decline of banks. Among stocks, SAP, which raised its full-year earnings forecast for the third time, closed up 3.9%, supporting the technology sector up nearly 2.6%, leading the Stoxx 600s. Only five sectors closed lower on Wednesday, led by banks down more than 1.6 per cent and insurance down more than 1 per cent.

At one point, the yield on 10-year Treasuries was 1.53% lower than its five-month high, and the 2-year yield hit a new one-and-a-half-year high.

The price of European government bonds rose, with the exception of gilts, which rose for two days in a row, with gilts rebounding, with yields falling the most and the yield curve the flattest since 2020.

By late Wednesday in European trading, the yield on UK benchmark 10-year government bonds fell 5.9 basis points to 1.089%. At one point, it fell to 1.031%, an intraday drop of nearly 12 basis points, far from the intraday high set on Monday since May 2019. In the same period, the yield on German bunds was 4.2 basis points at-0.127%. After the announcement of the US CPI, it surged to its highest level since May 19, which was set above-0.09% on Wednesday, and then fell back quickly. Us stocks fell to-0.144% in early trading, down nearly 6 basis points on the day.

The yield on the US 10-year benchmark Treasury note rose above 1.60 per cent in the short term after the CPI announcement, but fell below 1.55 per cent before the US stock market opened. Since then, it has continued to decline, with US stocks falling below 1.53 per cent in early trading and falling more than 4 basis points on the day. It is about 10 basis points lower than the high since late May set at nearly 1.63 per cent on Tuesday. The yield on two-year u. S.bonds rose above 0.39% in early trading, breaking Tuesday's intraday high since march last year, up about 6 basis points on the day.

After the announcement of the minutes of the Fed meeting, the yield on 10-year Treasuries rose again to 1.55%, narrowing its intraday decline to less than 2 basis points. The 2-year yield was close to 0.37%. When US stocks closed, the 10-year yield was about 1.54%. It fell 3 basis points within the day, the 2-year yield was about 0.36%, and rose more than 2 basis points in the day.

The spread between long-term and short-term US debt continues to widen, with 30-year yields falling by about 12 basis points over the three days of the week, while two-year yields have risen by about 5 basis points.

The dollar index fell from an one-year high to an one-week low and the offshore RMB rose above 6.43 to an one-month high.

After the announcement of the US CPI, the ICE dollar index (DXY), which tracks the exchange rate of a basket of six major currencies of the US dollar, rose back to 94.40. at one point, the intraday decline narrowed to less than 0.05%, but it expanded quickly. U. S. stocks fell below 94.30 before trading, and continued to decline in intraday trading. After falling below 94.10 in midday, they once approached the 94.00 mark, setting an intraday low since Tuesday, October 5, with an intraday drop of more than 0.5%. It fell off its highest level since Sept. 28 last year after breaking through 94.50 on Tuesday.

By Wednesday's close, the dollar index was just above 94, down 0.5% on the day, while the Bloomberg dollar spot index also fell 0.5%, falling below 1162 points in intraday trading, the lowest since Tuesday.

At 05:59 Beijing time on the 14th, the offshore RMB (CNH) was trading at 6.4281 yuan against the dollar, up 278 points from late trading in New York on Tuesday for two consecutive days. It rose to 6.4251 in intraday trading, the highest level since Sept. 15, and regained the 6.43 mark this month.

Lun Copper set an one-month high Lun Zinc set a new high for more than three years in four days. Shanghai zinc night market rose more than 4%. Gold hit an one-month high and the biggest increase this month.

London base metal futures showed mixed performance on Wednesday. Lun copper and lun lead, which just ended three days of gains on Tuesday, rebounded, rising nearly 2% to $9651 a tonne this week after Monday, closing above $9600 for the first time since Sept. 10. Lun lead hit an one-month high on the second day of the week after Monday.

Zinc rose 4.2% a day, breaking through $3400 for the first time in three and a half years, rising for five consecutive days and hitting a three-year high for four days in a row. In the inner market, Shanghai zinc closed up 1.5% during the day, the highest level since November 2007, and the night market closed up 4.1%.

Lun Aluminum, which has risen for four consecutive days, closed flat, temporarily stopping the trend of hitting a 13-year high for three consecutive days. Lenny fell for three days in a row. Lunxi ended a seven-day rally and fell to a two-week high, but held the $36000 mark it broke on Friday.

New York gold futures rose for the second day in a row, with COMEX December gold futures up 2.0%, the biggest gain since Sept. 30, to $1794.70 an ounce and the highest close since Sept. 15.

New York silver futures ended two days lower, while COMEX December silver futures closed up 2.9% at $23.17 an ounce, the highest level since Sept. 15. Platinum and palladium rose for two days in a row, closing up 1.2% and nearly 2.9%, respectively.

European natural gas rose at least 7% US oil ended four consecutive ups and downs, US gasoline hit a seven-year high for three times.

Natural gas in Europe rose across the board for the second day in a row, and the increase expanded significantly, the biggest increase since Tuesday, October 5.

On Wednesday, ICE UK natural gas futures closed up more than 8.59 per cent at 235.75 pence per kcal, more than 42 per cent below the intraday high of 407.82 pence set last Wednesday, and traded in the 228.50-238.50 pence range. TTF benchmark Dutch natural gas futures rose 7.59% to 94.250 euros per megawatt in late trading, down about 41% from Wednesday's intraday high and trading in a range of 90.500-94.250 euros.

Us gasoline and natural gas futures rose for two days in a row, up five days and two days respectively. NYMEX November gasoline futures closed up nearly 1 per cent at $2.406 a gallon, the third consecutive high since October 2014, while NYMEX November natural gas futures closed up 1.54 per cent at $5.5900 per million British thermal units, still down more than 11 per cent from last Tuesday's high since December 2008.

International crude oil futures fell, and US Oil closed down for the first time in the last five trading days, but held the $80 mark and cloth oil fell for two days in a row.

Us WTI November crude oil futures closed down 0.25 per cent at $80.44 a barrel, falling to a three-day high set on Tuesday since October 31, 2014, but closed above $80 for the third day in a row. Brent December crude oil futures closed 0.29% lower at $83.18 a barrel, further off Monday's high since Oct. 9, 2018, but closed above the $80 mark for eight consecutive trading days.