Global Shares Cautiously Higher Ahead of US Core Inflation Data

Global Shares Cautiously Higher Ahead of US Core Inflation Data
Bull statues are placed in front of screens showing the Hang Seng stock index and stock prices outside Exchange Square, in Hong Kong on Aug. 18, 2023. Tyrone Siu/Reuters
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SYDNEY—Global shares rose on Friday after data showed the U.S. economy was growing robustly and traders awaited a U.S. core inflation report later in the session that may show price pressures are continuing to abate.

MSCI’s all-country equity gauge rose 0.2 percent following reassuring news on Thursday that the U.S. economy expanded at its fastest rate for almost two years in the third quarter, while the European Central Bank (ECB) also held interest rates steady.