Global stocks, dollar rebound on Chinese, U.S. data

Global stocks, dollar rebound on Chinese, U.S. data
 

Global stocks and the dollar rebounded on Friday from losses a day earlier, buoyed by a surprising rise in Chinese producer prices and strong U.S. economic data that bolstered expectations the Federal Reserve would raise interest rates in December.
The dollar was on track for its largest weekly increase in more than three months, with rebounding U.S. retail sales and a broad rise in producer prices last month indicating the economy regained momentum in the third quarter after a lacklustre first-half.
U.S. producer prices rose in September to record their biggest year-on-year rise since... read more

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