Stocks soared after fresh data showed US Inflation eased in October, Dow gained 1201 pts and S&P 500 added 208 pts while Nasdaq jumped 761 pts

The US CPI-based Inflation increased by 7.7% in Oct from the same month a year ago, down from 8.2% in Sept.

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9.1%

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Equity investors piled in after a cool inflation report, hopes for a less-aggressive Federal Reserve

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Bond Yields

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European markets closed higher after the US inflation data FTSE was up 1.08% while CAC and DAX were up by 1.96% and 3.51% respectively.

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A larger-than-expected drop in consumer inflation last month will likely prompt the Federal Reserve to pare down future interest rate increases

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