India, Oct. 15 -- Sentiment in global markets is dominated by disappointment surrounding the hotter-than-expected inflation updates from the U.S. Close on the heels of Wednesday's hot consumer price inflation readings, data released on Thursday showed unexpectedly high producer price inflation readings.
Data released by the U.S. Bureau of Labor Statistics showed headline producer price inflation at 1.3 percent in September versus 0.5 percent in August. Markets had factored in a level of 0.5 percent. Core producer price inflation also jumped to 0.7 percent from 0.2 percent in August and expectations of 0.3 percent.
Wall Street Futures are directionless. Major benchmarks in Europe are trading on a mixed note. Earlier in the day, Asian marke...