Global stocks had a mixed showing Friday, with hotter-than-expected US wholesale prices renewing concerns that the Federal Reserve will push on with aggressive policies against inflation.
Investors have been poring over economic data as they try to anticipate if the US central bank will shift to a softer approach to interest rate hikes at a regular meeting next week.
While inflation has shown signs of easing, government data released Friday showed that producer prices still remained elevated, sending key US indices into the red.
Meanwhile, markets welcomed China’s easing of its zero-Covid restrictions, which have hammered the world’s second biggest economy.
China’s consumer inflation slowed further in November as well, falling below two percent and giving authorities room to unveil fresh stimulus measures.
Hong Kong shares closed sharply higher Friday, building on big gains for the week while Chinese mainland markets were also higher.
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