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US: The Dow Jones led stock market indexes to close higher Thursday, erasing early losses after a higher-than-expected inflation report and rising jobless claims numbers.

Asia:Shares in the Asia-Pacific jumped on Friday, taking the lead from Wall Street overnight as investors shook off a strong inflation report.

India:The key benchmark indices exhibited high amount of volatility in trades on Thursday, with the NSE Nifty's 17,000- mark in focus on the weekly futures & options expiry day.

Market is expected to open gap up and likely to witness sideways move during the day

Global Economy: U.S. consumer inflation again turned out stronger than expected in September, dashing hopes for a slowdown that might persuade the Federal Reserve to stop raising interest rates. The CPI rose 0.4% from August, and was up 8.2% on the year. While the headline rate was down fractionally from 8.3% in August, it's still far above the Fed's 2% target

Chinese inflation rose in September as a raft of liquidity measures by the People’s Bank and increased spending during the mid-Autumn festival helped support retail prices, although factory-gate inflation continued to languish near 20-month lows. The CPI rose 2.8% on an annual basis in September. The figure was more than August’s reading of 2.5%.

Commodities: Gold prices fell on Friday, adding to the weekly decline, as a hotter-than-expected U.S. inflation reading cemented bets of another hefty Federal Reserve interest rate hike next month.

Oil prices rose slightly on Friday but were set to end the week lower as a spike in Chinese COVID cases drove concerns over slowing demand, while the U.S. logged a bigger-than-expected build in crude inventories.

Currency: The dollar took a breather on Friday after a volatile overnight session as red-hot U.S. inflation data pointed to more aggressive interest rate hikes, while traders were on edge about intervention as the yen wallowed near a three-decade low. The dollar index was little changed after falling 0.5% in the previous session as investors digested data that showed U.S. consumer prices increased more than expected in September.

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