Global shares mixed as U.S. tech stocks gain but inflation lingers

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Key Points

(Reuters) -Global shares were mixed and benchmark Treasury yields were steady on Friday as stock indexes rose on data showing U.S. inflation rose largely in line with expectations and a rally in technology shares...

With spending seen cooling off in early 2024 as savings accumulated during the COVID-19 pandemic run out, most economists believe the Federal Reserve is done raising interest rates, though risks of a rate hike remain...

MSCIs all-country equity gauge rose 0.45% 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...

Europes Stoxx 600 share index was 0.9% lower and MSCIs broadest index of Asia-Pacific shares outside Japan closed 1.1% higher after hitting a fresh 11-month low on Thursday...

Thanks to rate rises and a robust U.S. economy, the index that measures the dollars strength against competing currencies has risen almost 5% in three months and was on track for a weekly gain, even as it ticked down slightly on the day...

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