BEIJING — Global stock markets were mostly higher Thursday ahead of updates on United States inflation and hiring that traders hope will persuade the Federal Reserve no more interest rate hikes are needed.Wall Street futures were higher after the U.S. governmentThe U.S. government was due to issue an inflation update Thursday in a report on personal consumption and expenditures — the measure of prices most closely watched by the Fed. It eased to 3% in July from last year’s peak of 7%.
In early trading, the FTSE 100 in London gained less than 0.1% to 7,475.07. The CAC 40 in Paris rose 0.2% to 7,378.61 and the DAX in Frankfurt advanced 0.6% to 15,984.44. The Dow Jones Industrial Average added 0.1%. The Nasdaq gained 0.5% to 14,019.31. It’s up nearly 34% for the year. The latest figures suggest Asia’s biggest economy is not “definitively growing,” said Stephen Innes of SPI Asset Management in a report. “These figures might not sufficiently reassure the markets.”
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