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Investment Daily: US stocks and Treasuries fell after stronger-than-expected CPI data

11 November 2026

Key takeaways

  • US stocks and Treasuries fell.
  • European stocks and government bond yields rose.
  • Asian stocks lacked clear direction.

Markets

US stocks fell on Tuesday amid higher Treasury yields and Fed tightening concerns. The S&P 500 lost 0.4%.     

US Treasuries declined following higher-than-expected CPI prints and hawkish remarks from some Fed officials. 2-year yields surged 18bp to 4.74%, while 10-year yields climbed 11bp to 4.99%.   

European stocks mostly rose on Tuesday as geopolitical tensions in the Middle East eased. The Euro Stoxx 50 closed 0.6% higher. The German DAX rose 0.3% and the French CAC gained 0.6%. In the UK, the FTSE 100 fell 0.3%.

European government bonds fell. 10-year German bund yields rose 6bp to 3.32%, and 10-year French bond yields climbed 7bp to 4.80%. In the UK, 10-year gilt yields rose 9bp to 5.22%.

Asian stock markets advanced on Tuesday amid tech share gains and lower oil prices. Korea’s Kospi surged 4.4%, while Japan’s Nikkei 225 rallied 2.9%. Elsewhere, Hong Kong’s Hang Seng and China’s Shanghai Composite added 0.4% and 0.1%, respectively. India’s stock market was closed for a holiday.  

Crude oil prices extended declines on Tuesday. WTI for December delivery settled 0.9% lower at USD86.0 a barrel.

Key Data Releases and Events

Releases yesterday

US headline CPI rose 0.4% mom in October, down from 0.6% mom in September, but above market expectations. The core CPI rose 0.3% mom in October, unchanged from September.

In China, import growth accelerated to 41.6% yoy in October from 31.0% yoy in September, driven by purchases of energy and tech products, while exports remained strong, growing by 35.2% yoy in October.

Releases due today (11 November 2026)

No major releases.

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