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

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Oct 27 - 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.

The Dow Jones Industrial Average fell 0.16%, to 32,732, the S&P 500 gained 0.35%, to 4,151 and the Nasdaq Composite added 1.16%, to 12,741. Europe's Stoxx 600 share index was 0.9% lower and MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.1% higher after hitting a fresh 11-month low on Thursday.

Globally,"markets continue to hope for disinflation to continue smoothly, but don't take disinflation for granted," they wrote in a note on Friday. Oil prices rose as investors priced in fears of an escalation of conflict in the Middle East which could disrupt oil supplies.CURRENCY MOVES In currency markets, the euro was steady at 1.059 per dollar, now down almost 14% in the last three months .

 

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