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Market Review US:

Markets and other major indexes traded lower Thursday as Wall Street reacted to hotter-than-expected inflation data on the heels of Wednesday's consumer price index.

Asia:

China stocks led losses in Asia Friday after Beijing affirmed its recent policy shifts and stressed on plans to boost growth following a high-profile meeting Thursday.

India:

Markets closed slightly lower on the weekly expiry day, shedding nearly half a percent amid mixed signals. Market is expected to open on a gap down note and likely to witness selling pressure during the day.

Global economy:

The U.S. PPI, a leading indicator of consumer price inflation, has surpassed expectations in the latest data release, signalling a potential bullish trend for the U.S. dollar. The actual PPI figure came in at 0.4%, outperforming the forecast of 0.2%, according to the latest economic data. This higher than expected reading is generally perceived as a positive sign for the USD, suggesting an upward trajectory for the currency. British consumer morale hit a four-month high in Dec as households grew cheerier about their finances, a survey showed on Friday, in good news for FM Rachel Reeves after other indicators showed a post-budget slide in business sentiment. The monthly consumer confidence index from market research firm GfK rose to -17 in Dec from -18 in Nov, the highest reading since Aug. A Reuters poll of economists had pointed to an unchanged reading.

Commodities:

Oil prices inched lower on Friday as investors focused on a forecast of ample supply and shrugged off expectations of higher demand next year from Chinese stimulus measures, while eyeing another Fed Reserve interest rate cut next week. Gold prices fell from a more-than two-week high Thursday after stronger than US producer prices, stoked concerns about a hawkish Fed rate cut next week, boosting the dollar

Currency:

The euro experienced a decline, reaching a nine-day low, following the European Central Bank's (ECB) decision to reduce interest rates by 25 basis points. This move adjusted the deposit rate to 3.0%.

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