World share markets inched higher on Wednesday after a stunning reboot in U.S. tech stocks, while the dollar and benchmark government yields both ticked up ahead of a key U.S. Treasury auction and inflation reading later.
Treasury yields slide on tepid 10-year auction demand Wall Street builds on Tuesday rally European stocks hover near pre-pandemic highs Gold hits one week high as bond yields ease (Updates prices, comment; adds 10-year Treasury auction)
NEW YORK, March 10 (Reuters) - A gauge of global stocks climbed for a second day on Wednesday to its highest level in a week after a report on U.S. consumer prices calmed concerns about inflation, while the dollar retreated further from a 3-1/2 month high.
Economic data from the Labor Department said its consumer price index rose 0.4% in February in line with expectations, after a 0.3% increase in January. Core CPI, which excludes the volatile food and energy components, edged up 0.1%, just shy of the 0.2% estimate, after being unchanged the prior two months.
4 Min Read
NEW YORK (Reuters) - A gauge of global stock markets climbed for a second day on Wednesday to its highest level in a week and the Dow Jones Industrial Average hit a record high after a report on U.S. consumer prices calmed concerns about inflation.
FILE PHOTO: A man wearing a facial mask, stands in front of an electric board showing Nikkei (top in C) and other countries stock index outside a brokerage at a business district in Tokyo, Japan, January 4, 2021. REUTERS/Kim Kyung-Hoon
The U.S. Labor Department said its consumer price index rose 0.4% in February, in line with expectations, after a 0.3% increase in January. Core CPI, which excludes the volatile food and energy components, edged up 0.1%, just shy of the 0.2% estimate, after being unchanged the prior two months.
3 Min Read
COLOMBO (Reuters) - China has approved a 10 billion yuan ($1.54 billion) currency swap with Sri Lanka, a government spokesman in Colombo said on Wednesday, giving some respite from concerns about public finances.
FILE PHOTO: A general view of a Port City Colombo project is seen in the business district, in Colombo, Sri Lanka, September 9, 2020. REUTERS/Dinuka Liyanawatte
The deal will allow the island to weather “present difficulties”, State Minister of Money & Capital Market and State Enterprise Reforms Ajith Nivard Cabraal said in an interview with the Daily Mirror earlier on Wednesday.
Sri Lanka’s government bonds surged after the announcement, with Sri Lanka’s dollar-denominated bond due in July 2021 climbing 3.5 cents to 96.3 cents and its highest level since March 2020. The January 2022 issue jumped 4.8 cents, Tradeweb data showed.
Colombia's 2021 fiscal deficit estimate is larger than expected by credit rating agency Moody's, which plans to review the country's rating late this year or early next, a Moody's executive said on Wednesday.