The dollar hovered near a three-week low against major rivals on Tuesday, pressured by lower Treasury yields as traders awaited highly anticipated U.S. inflation data later in the global day.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/shares-gain-ground-as/"></div>By Tom Wilson and Scott Murdoch LONDON/HONG KONG (Reuters) -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 […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/shares-gain-ground-as/"></div><! AddThis Share Buttons g
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.