CNBC Daily Open: U.S. inflation edged up but investors aren’t fazed

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Inflation in October ticked up
The personal consumption expenditures price index for October ticked up 0.2% on the month and 2.3% on a 12-month basis, according to the U.S. Commerce Department on Wednesday. Core inflation rose 0.3% on the month and showed an annual reading of 2.8%, higher than September's 2.7%. All figures were in with Dow Jones consensus estimates.

U.S. markets break rally
U.S. stock markets fell on Wednesday, with  the S&P 500 snapping its seven-day winning streak. Bond prices rose as Treasury yields slipped. The pan-European Stoxx 600 lost 0.19%. Shares of Just Eat Takeaway dropped 2.7% after the Anglo-Dutch delivery firm said it will delist from the London Stock Exchange next month.

Bitcoin rebounded
Bitcoin rose 5.4% to $96,169.36 as of Thursday morning, bouncing back from a weekly low of around $90,700. Notably, the movement of bitcoin moved in opposite directions from U.S. indexes, which fell on Wednesday. "The bitcoin bull market has legs," Alex Thorn, head of firmwide research at Galaxy Digital, wrote in a report Wednesday.

Tariffs on Europe's auto industry?
It's likely the euro zone is worried that U.S. President-elect Donald Trump will soon announce tariffs on the bloc's auto industry. "The industry is linked eventually to the steel industry and the chemical industry, so it is the full supply chain that's involved here," said Rico Luman, senior sector economist for transport and logistics at Dutch bank ING.

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