US stocks have pulled back some of the ground they lost last night as US PPI cooled to 8.7%, from 9.8%.
It has been an interesting week and despite a lot of negative news, equity markets enjoyed a positive run.
Once again fears about high inflation and the prospect of more interest rate hikes in the US are hammering stocks.
The US PPI rose by 0.2% in August, slightly below the market forecast of 0.3%, after falling by 0.1% in July. On an annualized basis, the index rose to 2.4% in August from 1.9%.
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