Sweden Inflation Rate Declined in September

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From Trading Economics: The inflation rate in Sweden was recorded at 0.90 percent in September of 2016. Inflation Rate in Sweden averaged 3.61 percent from 1980 until 2016, reaching an all-time high of 15.50 percent in October of 1980 and a record low of -1.60 percent in September of 2009. Inflation Rate in Sweden is reported by the Statistics Sweden.

Market Snap

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In Asian Equity Markets, Japan's Nikkei index gained on Tuesday, led by mining stocks after oil prices jumped the previous day and a weak yen lifted risk appetite. The Nikkei rose 1.0 percent to 17,020.62 in mid-morning trade, while the broader Topix rose 0.9 percent to hit a four-month high of 1,362.33. MSCI's broadest index of Asia-Pacific stocks outside Japan retreated 0.9 percent. In South Korea, Samsung Electronics fell more than 7 percent and was on track for its biggest one-day decline in more than four years as the company struggles to contain a deepening crisis over its Galaxy Note7 phone. Samsung's woes pulled South Korea's KOSPI down 1 percent. China's CSI 300 index advanced 0.3 percent, while Hong Hong's Hang Seng index fell 1 percent.

In Currency Markets the dollar firmed on Tuesday, while the beleaguered sterling wallowed near recent lows on lingering fears about the impact on Britain from exiting the European Union and the kiwi tumbled on dovish comments from a New Zealand central bank official. The dollar was last up 0.3 percent against the yen at 103.93 yen. The euro edged down slightly to at $1.1133. The New Zealand dollar tumbled 1 percent to $0.7063 after falling as low as $0.7062, its weakest since July 28, after the country's central bank bluntly warned that further policy easing would be needed to push inflation higher. The Australian dollar hit a three-week low of $0.7540 and was last down 0.7 percent at $0,7553.

In Commodities Markets oil prices edged down on Tuesday but held near one-year highs touched on growing expectations of an output cut by OPEC producers, with traders saying the price outlook remains bullish as confidence in crude markets rises. International Brent crude oil futures were trading at $53.04 per barrel, down 10 cents from their previous close, not far off Monday's $53.73 a barrel high. U.S. West Texas Intermediate crude futures were at $51.24 a barrel, down 11 cents from their last close. Spot gold had fell 0.1 percent to $1,258.01 an ounce. Among other precious metals, silver was unchanged at $17.63 an ounce. Platinum inched up 0.2 percent to $962.60 an ounce and palladium shed 0.1 percent to $664.65.

In U.S., Equity Markets were closed for the Columbus Day holiday.

In Bond Markets Japanese government bond yields rose on Tuesday, hit by comments from the Bank of Japan chief and as global bond yields increased on higher oil prices and expectations massive stimulus by major central banks may be coming near its end. The 10-year JGB yield rose 2.0 basis points to minus 0.050 percent, hitting its highest level in nearly three weeks, following a market holiday on Monday. The 30-year yield rose 2.0 basis points on Tuesday to 0.525 percent, its highest level since Sept 21.

Source: Institute of Trading and Portfolio Management