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Stocks Recover From Volatile Week

Friday,   12-Oct-2018   03:44 PM (IST)

Global stocks were poised to recover on Friday, with Wall Street set to open higher after closing in the red all week as U.S. inflation slowed in September.The S&P 500 futures rose 0.92% while Dow futures gained 0.80% and tech heavy Nasdaq 100 futures increased 1.60%.Data on Thursday showed that consumer prices rose less than expected in September, as underlying inflation pressures appeared to cool slightly.U.S. President Donald Trump blamed the Federal Reserve’s uptick in interest rates for the fall in stock prices.Trading in Europe was higher, with the DAX, FTSE 100 and CAC 40 all in the green.Meanwhile in Asia, stocks closed higher. In Hong Kong, the Hang Seng rose 2.12% and the China A50 Index increased 2.47%. The Shanghai Composite was up 0.91% while in Japan, the TOPIX inched up 0.03% and the Nikkei 225 gained 0.56%.