Stocks Set to End Turbulent Month Higher as U.S. Data Sets Stage for Rate Cut

GLOBAL MARKET - NEW YORK/LONDON. Global stocks rose on Friday, on track for the fourth consecutive month of gains despite a bout of heavy selling in early August, buoyed by U.S. economic data that has helped the dollar snap a weeks-long losing streak.

The U.S. personal consumption expenditures (PCE) price index - which is the Federal Reserve's preferred inflation measure - rose 0.2% in July, according to Commerce Department data released on Friday.

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