By | January 17 2010 6:02 PM

Despite economic indicators coming largely in line with estimates, risk aversion dictated global market activity on Friday with the greenback and yen the prime beneficiaries. Global indices lost ground as investors suffered another bout of the jitters with key commodities following suit. Economic news from the States saw Consumer Price Index rose in line with economists' consensus 0.1 per cent for the month of December against a previous 0.4 per cent rise, representing an annual growth of 2.7 per cent. As predicted, US Industrial Production grew 0.6 per cent in the month of December.