It’s been a volatile day in the markets so far today. Markets fell initially after the latest consumer price numbers showed inflation is running at a higher level than expected. That means a 0.75% rate rise next month looks very likely, and that’s not going to help stock prices.

The consumer price index increased 0.4% in September, ahead of the 0.3% market estimate. Core annual inflation, which excludes food and energy, came in at 8.8%, again higher than expected. However, once investors had had time to digest the figures, the main indices recovered and are now in positive territory, perhaps in the hope that this is the last sizable upward move in the inflation rate. The S&P 500 is up 1.4% at 3627, and the Nasdaq is up 0.8% at 10,499.

Read on for all of Thursday morning's main market movers.