Stocks and Bitcoin recover after inflation data

Chris Beauchamp IG

The bounce in tech names is fizzling out while the FTSE 100 surges, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG.

Stocks rally as US inflation slows

Today’s CPI print certainly delivered the goods for investors, but worries about the data will muddy the waters as we move into 2026. Investors are certainly keen to see data that supports the argument that the Fed will keep cutting next year, and today’s figures fit that nicely, but there is the risk that uncertainty around price trends will lean against hopes of more cuts next year. Stock have reacted enthusiastically – having had their rally spoiled yesterday because of Oracle, they seem unlikely to stop for some quibbles around inflation data.

Bitcoin edges higher

Bitcoin and other cryptocurrencies have rallied this afternoon following the inflation figures. $85,000 seems to be the floor for now, and a lot of crypto investors will go into Christmas in a much happier mood if the price can clear $90,000 over the next week.

Author

Chris Beauchamp

Chris Beauchamp has been with IG for four years, and in that time has become a regular commentator and analyst for the financial press and TV, with appearances on all the major financial channels as well as the BBC and Sky News.

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