In Asian Equity Markets stocks fell on Friday and were set for weekly losses as hotter-than-expected U.S. inflation data and more hawkish signals from the Federal Reserve drove up concerns that interest rates will keep rising. Technology-heavy bourses were among the worst performers for the day, with Hong Kong’s Hang Seng index, South Korea’s KOSPI and the Taiwan Weighted index down between 0.4 percent and 0.8 percent. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes fell 0.5 percent and 0.2 percent. Japan’s Nikkei 225 index fell 0.7 percent.

In Currency Markets the dollar rose on Friday to hit a six-week high against a basket of currencies as a bout of resilient economic data out of the United States raised market expectations that more interest rate hikes were in the offing. The euro was last 0.34 percent lower at $1.0635, while sterling slid 0.32 percent to $1.1949. Similarly, the kiwi fell to a six-week trough of $0.6216, and likewise for the Aussie , which fell more than 0.6 percent to $0.68325. The U.S. dollar index was last 0.28 percent higher at 104.40, and was on track for a third straight week of gains.

In US Equity Markets stocks fell on Thursday after unexpectedly strong inflation data and a decrease in weekly jobless claims added to fears that the U.S. Fed will keep raising interest rates to tame high prices. The S&P 500 declined 1.38 percent to end at 4,090.51 points. The Nasdaq declined 1.78 percent to 11,855.83 points, while Dow declined 1.26 percent to 33,696.39 points. Tesla Inc slid 5.7 percent as the electric vehicle maker said it was recalling 362,000 U.S. vehicles and fixing them via an over-the-air software update after the U.S. auto regulator said its Full Self-Driving Beta software may cause a crash.

In Commodities Markets oil prices settled slightly lower on Thursday after trading in a narrow range as the market weighed mixed U.S. economic signals and prospects for a Chinese demand recovery with a build in U.S. crude stockpiles. Brent crude futures settled at $85.14 a barrel, losing 24 cents. U.S. West Texas Intermediate crude (WTI) settled at $78.49 a barrel, shedding 10 cents. Spot gold firmed 0.4 percent to $1,842.67 per ounce. Spot silver gained 0.4 percent to $21.71 per ounce, platinum rose 1 percent to $924.02, and palladium rose 4.2 percent to $1,525.39.

In European Equity Markets stocks rose on Thursday as upbeat corporate earnings helped France’s blue-chip index touch a new record high, overshadowing worries about U.S. interest rates staying elevated after further evidence of the country’s economic strength. France’s CAC 40 index ended up 0.9 percent at 7,366.16 points. Germany’s industrials-heavy DAX index ended the day 0.2 percent higher. The pan-European STOXX 600 index rose 0.2 percent London’s FTSE 100 gained 0.2 percent, closing above 8,000 points for the first time.

In Bond Markets treasuries extended a recent downward trend during trading on Thursday, with inflation concerns continuing to weigh on the bond market. Bond prices regained ground after coming under pressure in early trading but remained in negative territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose 3.4 basis points to 3.843 percent. The yield on the 30-year Treasury bond was up 6.2 bps at 3.914 percent. The yield on two-year notes was up just 2.6 bps on Thursday, but at 4.652 percent remained higher than longer-dated notes.