London — Global stocks and the dollar edged up on Friday, erasing some losses from the previous day, as stronger-than-expected Chinese inflation data eased some concerns about the health of the world’s second-biggest economy. September producer prices in China unexpectedly rose for the first time in nearly five years, while consumer inflation also beat expectations, setting the tone for equity markets globally. European shares tracked Asian markets higher. The pan-European Stoxx 600 was up 0.9%, led higher by its mining stocks, while MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.6%. However, equities were still set for their largest weekly drop in over a month after a week during which expectations of a Federal Reserve rate hike have built and there has been substantial volatility in commodity prices. While the MSCI World index was up 0.2% on Friday, it was down 1.2% for the week — its biggest weekly drop since early September. "Inflation has been quite a worry...
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