Global stocks and the dollar edged up on Friday, erasing some losses from the previous day, as stronger-than-expected Chinese inflation data eased some concerns about the health of the world’s second-biggest economy.
September producer prices in China unexpectedly rose for the first time in nearly five years, while consumer inflation also beat expectations, setting the tone for equity markets globally.
European shares tracked Asian markets higher. The pan-European STOXX 600 was up 0.9 percent, led higher by its mining stocks, while MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.6 percent.
Read More: http://www.reuters.com/article/us-global-markets-idUSKCN12E01P
Source: Reuters (14 October 2016)