Markets were mixed on Friday.
The Nikkei 225 plunged 2.3 percent and the STOXX Europe 600 fell 0.4 percent.
However, the S&P 500 rose 1.2 percent and the Nasdaq Composite snapped a five-day losing streak to rise 0.8 percent.
High inflation was apparent in the data released on Friday.
In the US, the price index for core personal consumption expenditures showed a 3.6 percent year-on-year rise in August, the biggest increase in more than 30 years .
In the euro zone, inflation in September rose 3.4 percent on an annual basis, the highest reading since September 2008.
However, Fundstrat’s Tom Lee said that while “there’s a lot of headwinds here...when the wall of worry is big, that’s often a good opportunity for investors”.
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