Global stocks were mixed and benchmark U.S. Treasury yields remained steady on Friday after a report on U.S. core inflation showed price pressures continued to moderate.
* The US core personal consumption expenditure index, the Federal Reserve’s preferred measure of inflation, fell to 3.7% in September from 3.9% the previous month, according to a report released on Friday.
* “Core inflation continues to moderate,” Jeffrey Roach of LPL Financial in Charlotte said in an email. “This report is unlikely to change the Fed’s view that inflation will moderate in the coming months as demand declines.”
* On Wall Street, the Dow Jones Industrial Average fell 0.14%, to 32,737 units; the S&P 500 index gained 0.31%, to 4,150 units; and the Nasdaq Composite added nearly 1%, to 12,722 units.
* Amazon advanced 6.5% after beating sales estimates and gained 6.5%, while Intel Corp shares extended their gains and rose nearly 10%.
* MSCI’s world stock index rose 0.3% after data on Thursday showed the US economy grew at its fastest pace in nearly two years in the third quarter, while the European Central Bank also kept interest rates steady. . .
* The pan-European STOXX 600 index fell 0.14% and MSCI’s measure of Asia-Pacific shares, excluding Japan, rose 1.2% after hitting a new 11-month low of last day
* The 10-year bond yield, which moves inversely to price and serves as a benchmark for global borrowing costs, was little changed at 4.849%, after rising 5% earlier in the week .
* Crude oil prices rose nearly 1% per barrel, amid fears that an escalation of conflict in the Middle East could disrupt oil supplies.
* In the currency markets, the euro was little changed at 1.058 units per dollar, accumulating a decrease of almost 14% in the last three months.
* Thanks to the rate hike and the strength of the US economy, the index that measures the strength of the dollar against competing currencies rose almost 5% in three months and on Friday was on track to register a weekly progress, even if it falls slightly. in the sun.
* Overnight, the yen hit a new one-year low of 150.77 per dollar and last traded at 149.7, still close to the levels at which Japanese authorities intervened last year to prop up the currency.