Equities rally as economic and virus news shifts

Global equities were generally positive as inflation data cooled and markets eyed a potential peak in Delta variant cases. The S&P 500 ended the week at another all-time high, and on Friday the STOXX Europe 600 notched its tenth straight day of gains. Both the S&P 500 (+0.8%) and DJIA (+0.9%) rose, while the Nasdaq (-0.1%) edged lower. Non-U.S. developed markets (+1.6%) outperformed emerging markets (-0.9%), although Chinese equities (+1.7%) advanced despite regulatory concerns.