Stocks mostly rose Friday as investors awaited a key speech by US Federal Reserve Chair Kevin Warsh for clues about the outlook for interest rates amid elevated inflation. With the euphoria following US chip titan Nvidia's blistering earnings report petering out, attention is squarely on the economy and the debate surrounding if or when the US central bank will tighten monetary policy. Major European indices all rose, with Paris piling on one percent as luxury shares led gains.

US stocks traded flat as investors awaited Nvidia's earnings and assessed hotter-than-expected inflation data. July inflation rose 3.7%, lifting bets on a September Fed rate hike.…

US stocks slipped as July PCE inflation held at 3.7%, raising September rate hike odds, while investors brace for Nvidia's $92B revenue earnings