Markets await October US CPI data; will inflation remain sticky? ...Middle East

It's been a rather tentative start to the new week so far and that is likely to continue later in European trading today. All eyes are on the US CPI data that is to come later in the day. As such, market players are not going to be too interested to pre-commit to any moves beforehand. The expectation is for headline annual inflation to fall further to 3.3% in October:However, core annual inflation is expected to remain a bit more sticky at 4.1% - similar to September. As for the monthly readings, it is estimated that headline inflation is to increase by 0.1% on the month while core inflation is to increase by 0.3% on the month.Overall, it still suggests that price pressures are on staying on

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