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Evening edition · Tuesday, 10 November 2026 · 17:30 CET

A month without its year, and a market that read it anyway

US consumer prices rose 0.4% in October, core 0.3% for a third month, and two-year yields jumped. Elsewhere: €316.65 for Wednesday's power, a second day in Abu Dhabi, €8.2 billion for the job agency and a Portuguese storm alert declared a day early.

Morning 08:30 · Evening 17:30 · Sunday 10:00, Berlin time

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MARKETS · LEAD Chart

0.4%, 0.3%, and a 2-year yield up 15 basis points

The price index arrived without its annual figure and still said enough. The market did not need a twelve-month number to read a third 0.3% in a row.

The morning edition warned you that October's consumer price index would arrive with a hole where its headline usually sits. It did. At 14:30 CET the Bureau of Labor Statistics published the table, and in the column for twelve-month changes most cells simply read "-". No October 2025 survey was collected during last year's lapse in appropriations, so for most series there is nothing to compare against. Gasoline is one of the exceptions: up 37.4% on the year, unadjusted.

What the bureau could publish was the month, and the month was firm. All items rose 0.4% on a seasonally adjusted basis after 0.6% in September. Prices excluding food and energy rose 0.3%, "as it did in September and August". Economists surveyed by Dow Jones had looked for 0.3% and 0.2% respectively; Reuters' poll had the same 0.3% for the headline and 0.2% for core. One tenth of a point on each, which sounds small until you remember what a tenth compounds into.

Markets & Macro · 3 min · Read the piece →

Desk notes

End of edition · added

Before you close the tab

One thing you can do this week

Tonight, before the heating clicks on, walk through your home and put a hand near each radiator valve and each window frame. Note one draught and one radiator that stays cold at the top. Two small notes on paper are the start of a winter that costs less; the rest is a bleed key and a strip of draught tape.

A habit, not advice.

What went right

Researchers at Oxford Population Health, funded by Cancer Research UK, followed blood samples from more than 20,000 men and found that higher levels of certain immune-activating proteins went with a lower risk of prostate cancer 1. Higher levels of one protein, interleukin-15, were linked to a 14% lower risk seven or more years later, and in one cohort to a 26% lower risk of advanced disease 1. The study, published today in Nature Communications, compared 368 proteins in 1,434 men who later developed the cancer with 1,434 who did not 1. "The strongest immune signals were present more than seven years before diagnosis," said Professor Karl Smith-Byrne 1. The authors are careful: these are associations, not a treatment yet 1. But a decade of stored blood, patiently kept in freezers, has just told us when to look.

The day in one sentence

Prices were counted, a power auction cleared and old blood samples taught us something new: the patient bookkeeping of institutions did the day's quiet work.

In euros at home

Heating oil got a little cheaper today. The Funke papers' daily table puts the litre at €1.63 on esyoil and €1.69 on Tecson on 10 November, against €1.69 and €1.74 a day earlier 2. That is up to 14 cents a litre below a week ago, but still around 80 cents above the end of October 2025 2. "An end to the high price level is not in sight," writes esyoil's Klaus Bergmann, who suggests buying part of a year's needs rather than all of it 2. Desk arithmetic: for a 2,000-litre fill, a 6-cent drop on esyoil's figure is €120; the roughly 80-cent gap to a year ago is about €1,600.

Average per-litre prices from comparison portals as reported by Berliner Morgenpost on 10 Nov 2026; your price depends on postcode, quantity and delivery charges. Nothing here is advice.

Small words

Teilmenge (part order)

Ordering only part of the heating oil you will need for the winter, instead of filling the whole tank at once 2. It spreads the price risk across two or more delivery dates: you give up the chance of catching the single best day in exchange for not catching the worst one. Heating-oil traders suggest it when prices are high and the direction is unclear 2.

Sources for this section

  1. Signs the immune system could help prevent prostate cancer — Cancer Research UK, 10 Nov 2026
  2. Heizölpreise aktuell: Das kostet ein Liter Heizöl heute (10. November) — Berliner Morgenpost, 10 Nov 2026, 09:50 CET

Commentary for information only. Not investment, legal, tax, medical or political advice. "Desk arithmetic" is our own calculation from the cited figures.

Charts and data in this edition