Geoffrey Smith 

Investing.com — A 16-month record dollar was set as the U.S. experienced the highest inflation for 30 years. Investors bet on rising interest rates. The same action also held the edge on the oil market. OPEC is currently waiting for their monthly report. Elon Musk may have sold Tesla (NASDAQ) shares. Adam Aron from AMC Entertainment (NYSE) also made big cashouts at the beginning. However, stocks are expected to bounce back from Wednesday’s losses despite the disappointing Disney update late Wednesday. This week may also see the announcement of the first western European winter lockdown. These are the key facts for financial markets, Thursday 11th of November.

1. Inflation data: Dollar rises in response to rate-hike bets

Global markets are now haunted by inflation worries after U.S. data revealed that consumer price index has risen at the fastest rate it’s been in over three decades.

In response to Wednesday’s numbers showing a wider-based, faster than expected rise in prices and undermining a subsequent sale of 30-year bonds, the 10-year Treasury benchmark yield increased 10 basis points.

The , meanwhile, rose to its highest since June 2020, as markets anticipated a first rise in U.S. interest rates well ahead of the Federal Reserve’s current guidance.

The bond market is closed Thursday for the Veterans  Day holiday, but there will be central bank elsewhere, with Mexico and Peru both tipped to raise interest rates.

2. Musk, Aron cash out 

According to SEC filings, Elon Musk completed about one third of the stake sale that he said was possible on Sunday.

According to filings, Musk has sold approximately 4.5 million shares in three days. This is slightly more than the shares that he bought through exercise of options.

Musk had prepared a plan for exercising and disposing his options on Sept. 14 before his headline-grabbing Twitter (NYSE) poll.

Musk wasn’t the only CEO cashing out on Wednesday: AMC Entertainment’s Adam Aron also sold some $53 million of stock, days after the movie theater chain reported disappointing revenue and earnings for the third quarter.

Premarket Tesla stock rose 2.5%, as the market digested short-term supply shocks.

3. Stocks open on a high; Disney faces streaming saturation

U.S. stocks will open higher in the future, rebounding from inflation-driven losses suffered on Wednesday.

At 6:20 AM ET (1120 GMT), the stock was up 47 points or 0.1% while it rose 0..4% to 0.6%

Rivian is a stock that will likely be the focus of attention later. Rivian surged nearly 30% during its initial market debut, ending the day with an $85.9billion market value.

Disney is also on the agenda. It will focus its attention after it announced a significant slowdown in subscriber growth for its Disney+ service. The report overshadowed improved performances by its movie- and theme park divisions.

4. Europe: Lockdowns are back

As the seasonally increasing number of Covid-19 patients and hospital admissions gets worse, Europe is readjusting its public health policies.

A raft of recommendations by the scientific advisory board to the Dutch government include cancellations of events and closure of cinemas and theatres. Cafes and restaurants will also be closed on Friday. However, schools would be open.

The Netherlands’ 7-day infection rate is back at the record high of last winter, while in neighboring Germany, new infections topped 50,000 for the first time ever on Wednesday and deaths rose to their highest since April.  On Wednesday, the decline in infections among British citizens was also markedly reversed.

5. Dollar strength affects oil prices. OPEC monthly reports due

The rise of the dollar impacted crude oil prices overnight. It also affected other commodities, whose prices are typically quoted in dollars.

Futures had fallen 0.7% at $80.78/barrel by 6:35 AM ET. By 8:25 AM ET futures were at $82.25/barrel, and 0.5% at $82.25/barrel.

This was due to Russia shipping more gas to central and western Europe via its land-based pipelines. This relief may not last: Alexander Lukasenko, the Belarusian president, threatened to stop the flow of gas through the Yamal Europe pipeline if sanctions are imposed by the EU against his regime. The Yamal-Europe pipeline has been used to allow thousands to illegally enter the EU from Poland and Lithuania.

Later in the month, the Organization of Petroleum Exporting Countries (OPEC) will provide updated forecasts on global demand and supply.