China inflation relief sends stocks, dollar higher



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.
The pound also found traction following recent weakness after the governor of the Bank of England said he was "not indifferent" to the foreign exchange rate.
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... read more

 
14 October 2016 in World News, Views: 28
Source: Reuters
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