Morning Bid: Ebbing oil sustains inflation, retail glow

Word “Oil” and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights A look at the day ahead in U.S. and global markets from Mike Dolan Ebbing oil prices are cheerleading this week’s renewed optimism on U.S. disinflation – with retail soundings still perky into the Thanksgiving period and as the data diary shifts to housing and industry. This week’s stock and bond surge on news of a fresh decline in headline and ‘core’ U.S. consumer price inflation last month was underscored on Wednesday by data showing the biggest…