During the Asian session, the New Zealand Business PMI is due, along with Chinese data that includes Retail Sales and Industrial Production. Later in
the day, Germany will report wholesale inflation, the Eurozone Labor Costs, and the Bank of England will release its inflation expectations report. In the US, data to be released includes the Empire State Manufacturing Index, Industrial Production, and the University of Michigan Consumer Confidence survey.posted its highest daily close since March, above 105.30 on Thursday. US stocks rose, with the Dow Jones gaining 0.96% and the Nasdaq rising 0.81%.
Overall, US data shows that the US economy remains resilient and that inflation rebounded in August. However, these numbers did not significantly alter Federal Reserve expectations. The Fed is widely expected to keep interest rates unchanged next week.
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