Stock markets still buoyed by US inflation data

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Stock markets rose on Friday, still riding the positive US inflation data from earlier this week as investors mull the size of the next interest rate move by the US Federal Reserve. The Dow, S&P 500 and Nasdaq all piled on at least one percent, adding to the weekly gains for all three indices.

In Europe, London’s benchmark FTSE 100 index ended the day 0.5 percent higher, Frankfurt’s DAX gained 0.7 percent and Paris’s CAC 40 index added 0.1 percent.

“This week has been all about the inflation data and, frankly, it could be the dominant force in the markets now right up until the Jackson Hole symposium,” said OANDA analyst Craig Erlam.—AFP

 

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