► European equities shine, with the Stoxx 600 Index up by 0.5%, marking a three-week high. UK monthly GDP Y/Y increased to 0.5% in August from 0.3% in July of 2023, meets consensus estimates. Monthly industrial production also saw an increase from -1.1% to -0.7%. European stocks also benefit from a positive performance in New York as investors expect the likelihood for more hikes becomes increasingly unlikely.
► In the US, the S&P 500 and Nasdaq added more gains in the previous session, marking the fourth straight day of ascent. Thursday's outlook on US stocks appears cautiously optimistic, with Dow, S&P 500, and Nasdaq futures all ticking upward. However, inflation remains a concern as recent data reveals faster-than-anticipated producer pricing.
► All eyes are on the upcoming US consumer price data, set to release at (12:30 UTC+ 0) and shed light on inflation dynamics. These figures play a pivotal role in shaping investment strategies and market sentiment. Markets also await inflation data from China set to be released tomorrow (Oct 13).
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