Global Stock Markets Mostly Rise Ahead of Key U.S. Inflation Data

Friday’s key focus will be the U.S. personal consumption expenditures price index, the Federal Reserve’s preferred measure of inflation. Investors will be hoping that the delayed September report will provide some much-needed clarity on the Fed’s rate path after a string of mixed economic signals and questions around the health of the jobs market. The Fed is widely expected to cut by 25 basis points next week.

Ahead of that, U.S. stock futures were up after a mixed close to Thursday’s session and international stock markets mostly rose. U.S. Treasury yields eased a touch after Thursday’s run up even as Japanese yields continued to hit multiyear highs.