Equity markets roared higher in the North American cash session, with the Dow Jones up 3.70%, the S&P 500 adding 5.54% and the Nasdaq 100 rallying an astonishing 7.35%. Futures markets are pointing to a steady start to their Friday.
APAC equities followed the lead and are immersed in green across the regions, with Hong Kong’s Hang Seng Index (HSI) heading with gains of over 7% at one stage.
Japanese PPI stays at raised level, with combined results in today’s data. The month-on-month figure for October was 0.6% rather than 0.7% forecast and previously. The year-on-year read was 9.1% instead of 8.8% expected and 9.7% prior. The disparity is explained by an upward revision to previous months.
Looking ahead, UK GDP, trade and industrial production data will be followed the University of Michigan index of US consumer sentiment.
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