Global stocks ticked up on Tuesday as robust China trade data boosted confidence for a rebound in its domestic demand, with market players awaiting U.S. data expected to show a pick-up in inflation. China’s exports in dollar terms rose by over 30% in March from a year earlier, while imports jumped 38%, their fastest pace .
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NEW YORK (Reuters) -A gauge of global shares 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.
FILE PHOTO: A nearly empty trading floor is seen at the New York Stock Exchange (NYSE) in New York, U.S., May 22, 2020. REUTERS/Brendan McDermid
The consumer price index rose 0.6%, the biggest gain since August 2012, as increased 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.
GLOBAL MARKETS-Global shares steady as investors await U S inflation data reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Asia shares cautious ahead of US earnings and inflation data khaleejtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khaleejtimes.com Daily Mail and Mail on Sunday newspapers.