US data boosts Asian, European markets 

Asian and European markets rose Friday after a record day on Wall Street, boosted by a strong round of United State data that reassured investors over the health of the world’s top economy, while focus turns to the release of key inflation figures.

With the much-hyped earnings report from bellwether chip titan, Nvidia, now in the rearview mirror, traders are once again able to concentrate on economic matters and the Federal Reserve’s plans for interest rate cuts.

Thursday did not disappoint, with figures showing Gross Domestic Product expanded more than initially thought in the second quarter, while jobless claims dipped.

The news indicated the central bank was achieving its goal of guiding the economy to a soft landing at the same time as it brings prices under control.