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The producer-price index was unchanged from a month earlier and came in below the 0.1% increase economists had expected. Over the past 12 months, producer prices have risen by 1.8%.

The S&P 500 and Dow climbed to new highs, powered by strong earnings results from some of the country's largest financial institutions.

The University of Michigan's index of consumer sentiment fell in mid-October while economists had expected an increase.

The White House is trying to persuade Israel not to carry out military strikes against Iran's oil infrastructure or nuclear sites.

Nearly three-quarters of companies now anticipate inflation will hover around 1% to 3% over the next two years, up sharply from the previous quarter.

Hiring in Canada was unexpectedly strong in September, helping the jobless rate dip for the first time since January and signaling resilience that could keep the central bank on a cautious path toward lowering interest rates.

The economy expanded 0.2% in August, better than the stagnation in both June and July, as industrial production recovered some of the output lost in the prior month.

Businesses that sell a range of products from IKEA sofas to Air Jordan sneakers have said in recent weeks that they have lowered prices this year.

Companies that backstop insurers will take a hit, but the impact looks manageable.

South Korea's central bank cut its key interest rate for the first time in more than four years, joining a growing group of global peers in easing monetary policy as it looks to support the economy.