Marketmind: Cooling, and melting down

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Reuters UK

(Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf The inflation datapoint investors have been itching for finally arrived and set off a feverish risk-on rally in markets. But such joy has been deflated throughout 2022 and there are reasons to be skeptical this time too. First the data: U.S. consumer prices rose less than expected in October, pushing the annual increase below 8% for the first time in eight months. News of a cooling CPI set off a massive rally on Wall Street. The S&P 500 jumped 5.5%, its biggest one-day gain since April 2020, and the tech-heavy Nasdaq Com…

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