US markets higher in early trading on Friday

Wall Street made a steady start to the last session of the week, with traders in the US turning a blind eye to the ongoing deadlock in Europe over any potential Brexit deal and focusing instead on advancing commodities along with economic data.

Shortly after the open, the Dow was up 0.14% at 22,873.57, the S&P 500 was 0.08% higher at 2,552.86 and the Nasdaq was 0.2% to the good at 6,604.78.

COMMODITIES

WTI was up 1.74% at $51.48 and Brent crude was 1.69% higher at $57.2 per barrel.

Meanwhile, gold advanced 0.56% at $1,303.8 per ounce and silver was up 0.6%.

ECONOMIC NEWS

US retail and food services sales rose by 1.6% in September to 483.9bn, the Census Bureau said, as retail sales excluding motor vehicles and parts - the so-called core retail sales - rose to $384bn.

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5% in September, on a seasonally adjusted basis, the US Bureau of Labor Statistics reported today. Meanwhile, core CPI increased 0.1%.

In addition, data regarding business inventories, consumer sentiment and inflation expectations is due later today.