Global shares mixed as U.S. inflation declines

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Key Points

(Reuters) -Global shares were mixed and benchmark bond yields were steady on Friday after a U.S. core inflation report signalled price pressures are continuing to abate...

U.S. core personal consumption expenditure, the U.S. Federal Reserves favoured inflation measure, declined to 3.7% in September from 3.9% a month earlier, a report Friday said.. Core inflation continues to lose speed, Jeffrey Roach, Chief Economist for LPL Financial in Charlotte, said in an email..

MSCIs all-country equity gauge rose 0.3% following reassuring news on Thursday that the U.S. economy expanded at its fastest rate for almost two years in the third quarter, while the European Central Bank (ECB) also held interest rates steady...

Still, bond markets held off applauding the news ahead of the Federal Reserves interest rate setting meeting next week and as oil prices climbed in response to geopolitical tensions...

In recent weeks the Bank of Japan (BoJ) has also intervened heavily in its bond market to suppress yields, pitting itself against market forces as global rates have risen...

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