US equity markets jumped on Friday after August PCE inflation date came at 2.9%

US equity markets jumped on Friday, 26^th September, after personal consumption expenditure (PCE) inflation data for August came in line with broader market expectations. PCE inflation in US economy in August stood at 2.9% on year-on-year (y-o-y) basis and 0.2% on month-on-month basis. Target inflation rate of US Federal Reserve is 2%. The August PCE inflation reading is not too much above the target inflation rate of US central bank. Therefore, hopes have increased that the US central bank will go for two more interest rate cuts before the end of this year.

Nasdaq ended the day on Friday, up by 99.37 points or 0.44%. Dow Jones ended the day, up by 299.97 points or 0.65%. S&P 500 ended the day, up by 38.98 points or 0.59%.

European markets also ended the day in green

European markets also ended the day, strongly in green, on Friday. Euro Stoxx 50 ended the day, up by 54.81 points or 1.01%. Dax ended the day, up by 204.64 points or 0.87%. FTSE 100 ended the day, up by 70.85 points or 0.77%.

Asian markets have started the day on a mixed note

At 9:00 a.m. IST, 29^th September, 2025, Nikkei 225 is down by 462.47 points or 1.02%. Hang Seng is up by 346.22 points or 1.33%. South Korean Kospi is up by 44.49 points or 1.31%. Shanghai Index is up by 4.80 points or 0.13%.

Indian equity markets may see a subdued day today

Indian equity markets may start the day on a subdued note. Auto stocks may gain as automobile companies are seeing strong spurt in demand since lower GST rates came into place.

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Source: Dow Jones