InvestingLive European news wrap: Markets await fresh US-Iran developments, US CPI data
Solana is still skewed to the downside against a backdrop of negative macro backdrop as US CPI loomsCrude oil is caught between hopes of a US-Iran pact and escalation risks. What's next?Gold futures advanced strongly $81, then gave back $51.
In this article
In the latest inflation data update, Solana is still skewed to the downside against a backdrop of negative macro backdrop as US CPI loomsCrude oil is caught between hopes of a US-Iran pact and escalation risks, according to investingLive. What's next?Gold futures advanced strongly $81, then gave back $51.
Key points
- Confidence also lost ground in the US, where the index slipped to 13.1.
- An IAEA visit to the Bushehr nuclear facility had taken place in latest days.
- Baghaei stressed that external pressure should not undermine the robust bilateral ties between the two countries on relations with Iraq.
What happened: Inflation data
Confidence also lost ground in the US, where the index slipped to 13.1, driven by expectations turning negative for the first time since June. Iranian Foreign Ministry spokesperson Baghaei noted that Tehran's two-day proposal is the most reasonable option right now on the table on the US-Iran front. An IAEA visit to the Bushehr nuclear facility had taken place in latest days, he also verified.
Baghaei stressed that external pressure should not undermine the robust bilateral ties between the two countries on relations with Iraq.
Why traders are watching inflation data
Inflation figures decide how long central banks keep interest rates high. Hotter-than-expected readings usually lift bond yields and the local currency, while softer data raise hopes of rate cuts.
Price data feed straight into central-bank decisions, which makes them some of the most market-moving releases on the calendar for forex, bonds and stocks.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-09 13:11 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 74,766.20 | -1.75% | 76,200.00 | 73,510.00 |
| Ethereum (ETH) | 2,119.31 | -5.50% | 2,246.00 | 2,060.00 |
| Solana (SOL) | 86.42 | -3.70% | 90.01 | 85.02 |
On the currency side, the latest ECB daily reference rates (2026-11-06) show EUR/USD 1.1165, GBP/USD 1.3385, AUD/USD 0.6871, NZD/USD 0.5544, USD/JPY 158.33, USD/CHF 0.8189, USD/CAD 1.4066, USD/CNY 6.6713. These are reference fixes, not live quotes.
What to watch next for inflation data
Next in focus are the coming inflation releases, central-bank reaction to them and changes in market pricing for future rate moves.
Key scheduled releases on the economic calendar:
- USD Core CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.2%, previous 0.3%
- USD CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.3%, previous 0.6%
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read Solana stays skewed to the downside against a backdrop of negative macro backdrop as US CPI looms or see all of today's top market news.
FAQ
What is the latest inflation data news?
Solana is still skewed to the downside against a backdrop of negative macro backdrop as US CPI loomsCrude oil is caught between hopes of a US-Iran pact and escalation risks.
Why do inflation numbers move markets?
Inflation data change expectations for central-bank interest rates, and rate expectations drive currencies, bond yields and stock valuations.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
