- Investors weighed whether signs of slowing inflation would allow the federal reserve to switch to less aggressive interest-rate increases as US market futures gained on Friday. Treasuries' yields decreased.
- Both the underlying indices of the S&P 500 and the Nasdaq 100 contracts increased by approximately 0.3%, and both are expected to record their best run of weekly advances since November. Following the announcement that several of the top state-owned enterprises in the country would be delisting from American exchanges, Alibaba led a premarket slump in US-listed Chinese stocks.
- The Stoxx 600 index for Europe pared gains. Health care behemoth GSK outperformed, containing a decline that was sparked by concerns about the Zantac case.
- After data on Thursday showed that producer prices declined in July from a month earlier for the first time in over two years, traders reduced their bets on the Fed raising interest rates. They provided evidence of lowering but still alarming inflation when combined with Wednesday's statistics on fewer growth in consumer prices.
