The opening of the future contract allowed all the investors who wanted IN to put their orders on Monday and 2,700 contracts representing a trading value of around $55 billion changed hand in the first day of trading.
Producer prices for final demand in the United States went up 3.1 percent year-on-year in November of 2017, following a 2.8 percent rise in October and above market expectations of 2.9 percent. It is the highest annual gain since January of 2012.
U.K. inflation unexpectedly accelerated to the fastest in more than 5 1/2 years in November, forcing Bank of England Governor Mark Carney to explain why price growth is so far above target.
Consumer prices rose 3.1 percent from a year earlier, driven by the cost of air fares and computer games, the Office for National Statistics said on Tuesday.