Global stocks hit record after U.S. inflation data

A gauge of global equity markets rose to record highs on Tuesday, led by surging technology-related stocks, as Treasury bond yields eased after U.S. consumer price data for March showed the pace of inflation was not rising wildly. The consumer price index rose 0.6%, the biggest increase since August 2012, as rising vaccinations and fiscal stimulus unleashed pent-up demand. But the data is unlikely to change Federal Reserve Chair Jerome Powell’s view that higher inflation in coming months will be transitory. “We’re just going to have a temporary flame-up in prices but there will not be any structural inflation … (full story)

Let's Have A Chat ​

OPEN ACCOUNT

please, upload jpg, jpeg, png or pdf files only