Friday's consumer price inflation data is the next economic focus.MSCI's world stocks index which tracks shares in 45 nations, rose 0.73 percent. It was boosted by a buoyant Wall Street, which rose on views that the latest economic data hurt the case for a rate hike. "These things are not pointing to the need for the Fed to raise interest rates in September. Europe's broad FTSEurofirst 300 index closed up 0.55 percent at 1,339.13.Stocks in Tokyo closed at a three-week low amid uncertainty over interest rate policy.Oil prices rose about 1 percent, tracking a rally in gasoline futures. Spot gold fell to a two-week low , trading down 0.7 percent to $1,313.31 an ounce- Reuters

Source: The Star September 15, 2016 22:41 UTC