Skip to content Skip to footer
u.S Consumer confidence

U.S. Consumer Price Index Rises at 1982 Levels, FTSE 100 Lower on British GDP Data & Didi to Delist from the NYSE

U.S. consumer prices climb at fastest pace since 1982

Gold prices climbed on Friday, as consumer prices in the United States rose at their fastest pace in nearly 40 years.

Figures released by the Labor Department showed that the annual rate of inflation climbed by 6.8% from a year ago, which is the quickest gain since 1982.

💡 Its not just gas and food prices…
The core price index, which excludes volatile food and energy prices, climbed 4.9% compared to last year. That means that the price of other goods and services like clothing, haircuts and TVs are also rising, too.

On a monthly basis, the consumer price index rose to 0.8% last month, after increasing by 0.9% in October.

This comes after markets had forecasted CPI to rise by 0.7% in November. The biggest contributor to the increase was gasoline prices, which rose by 6.1% from the month prior.

XAUUSD was up close to $20 on the day.

FTSE 100 lower, on Britain’s GDP data

In the United Kingdom, the FTSE 100 ended the week lower, as the nation’s economic growth slowed in recent months.

Data from the Office for National Statistics showed that the UK’s Gross domestic product was up by 0.1% in October, lower than estimates for a 0.4% increase.

The figure was also considerably lower than September’s 0.6% growth rate, and came prior to the emergence of the Omicron variant.

💡 Best performing and worst performing sectors
Growth was recorded by:

Human health – This increased by 3.5% as the number of face-to-face appointments at GP surgeries in England continued to rise.
Car/motorcycle sales and repairs – This sector posted a strong 8.5% improvement, although this followed a large 13.3% decline in September.

However, the impact of these bright spots was undermined by a number of key contractions.

Sectors that struggled in October included:
Construction – One of the UK’s key industries, construction output fell by 1.8% – the largest drop since April 2020 – and the sector is now 2.8% below its pre-pandemic level.
Accommodation and food services – This previously buoyant sector (30% growth in Q3) declined by 7.5%, with a fall in restaurant activity a key factor.

Speaking shortly after the data was released, Finance Minister Rishi Sunak stated that, “We’ve always acknowledged there could be bumps on our road to recovery”.

London’s FTSE 100 closed 0.40% on the news.

Didi Shares drop, as company set to delist from NYSE

Shares in Chinese ride hailing company Didi were lower to end the week, as it was announced that it would delist from the New York Stock Exchange.

Didi, which went public in June, after raising $4 billion via an IPO, had been under pressure by Beijing for the past few months since its listing.

Day’s after its IPO, the company was unable to register new users, as the Chinese government was investigating the firm for “security breaches”.

Didi shares weren’t the only shares that fell on this news

As a result, shares in the company fell by as much as 50% from its listing price, and seems to have been the final factor in the company taking this decision.

Although the Chinese government has not banned foreign listings, it has begun to put regulatory pressure on company’s who opt to do so.

$DIDI was down 3.43% as of writing.

“All the math you need in the stock market you get in the fourth grade.”

– Peter Lynch

Eliman Dambell

Senior Market Analyst


Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

TVM Global Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C.

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.