US Consumer Prices Rise 0.5% In September, Slightly Less Than Expected

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The pan-European FTSEurofirst 300 index .FTEU3 rose 0.22 percent and MSCI's gauge of stocks across the globe .MIWD00000PUS gained 0.24 percent. The energy index rose 10.1% in the last twelve months.

Headline retail sales growth was up 1.6% month-over-month when 1.9% growth was expected.

The euro was down 0.15 percent to $1.1839 snapping four straight days of gains after rising to its highest since September 25 earlier in the session.

Platinum was up 0.8 percent at $940.70 an ounce and palladium was 2 percent higher at $992.75.

Wall Street futures indicated a positive open for the S&P 500 index.

"It all comes out to the economic data that came out today", said Chris Zaccarelli, chief investment officer at Cornerstone Financial Partners, in Huntersville, NC, referring to moves in bonds, currency and stocks.

"Earnings in the second quarter were very positive, and looking beyond the impact of hurricanes, it seems like there's improved fundamentals in the US and Europe".

Benchmark 10-year notes were last up 7/32 in price to yield 2.3195 percent, from 2.345 percent late on Wednesday.

The data came after minutes from the last U.S. Federal Reserve meeting released this week showed policymakers remained divided on U.S.

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Much of the rise was due to a sharp rise in gasoline prices.

The US economy grew at a 3.1 per cent annualised rate in the April-June period. "Price gains will continue to be only modest, but enough for the Fed to increase its policy rate at its December meeting".

"The firmness in retail sales should override the enduring mystery of low inflation to spur a December Fed rate hike", said BMO Capital Markets senior economist Sal Guatieri in Toronto.

White House Chief of Staff John Kelly said on Thursday that Trump was "some time away" from making a decision, while another official said Trump had met with Stanford University economist John Taylor - of economics text book Taylor-rule fame - to discuss the job. It was set for a weekly gain of 2 percent.

It had traded as high as 2.42% a day earlier.

We have now seen misses in this series during six of the last seven months and while the Fed will surely stress the "mysterious" nature of low inflation, we are increasingly concerned that the FOMC's insistence on pushing toward a December rate hike risks a policy-error, but we're getting as exhausted of saying that as others are surely of hearing it.

Also in currencies, the euro was down 0.15 percent to $1.1839 snapping four straight days of gains after rising to its highest since September 25 earlier in the session.

US crude fell 1.29 percent to $50.64 per barrel and Brent was last at $56.32, down 1.09 percent. Brent crude rose 2.2 percent to $57.50 a barrel.

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