Global stocks rose on Tuesday ahead of data inflation in the United States that could confirm the promptness with which the Federal Reserve could cut the interest rateswhile the yen fell after Japanese authorities lowered expectations of an imminent policy change by the central bank.
He gold was trading just below its all-time highs and the dollar appreciated while traders await the publication of the US consumer price index.
MSCI’s world stock index rose 0.1%, buoyed by gains on Wall Street and a rally in technology stocks in Asia.
Investors expect at least three rate cuts by the Fed this year, likely starting in June. According to analysts, Tuesday’s CPI data could alter these expectations.
The futures of Wall Street They improved by 0.2-0.4%, suggesting an upward opening, while the pan-European STOXX 600 rose by 0.4%.
He Treasury bond yield The 10-year bond fell slightly to 4.094%, while the dollar index gained 0.1%, to 102.9 units, after having hit an almost two-month low of 102.33 last week.
In the currency market, the yen fell against the dollar after Bank of Japan Governor Kazuo Ueda on Tuesday offered a slightly bleaker assessment of the country’s economy than he had offered in January.
This dispelled some optimism that the central bank will abandon its negative rate policy when it meets this month, which was weighing on the Japanese currency and allowing the dollar to rise 0.3% to 147.34 yen.
Sterling fell 0.3% to $1.278 after data showed UK wage growth cooled slightly more than expected last month, putting further pressure on the Bank of England to cut pay. rates sooner rather than later.
Elsewhere, Chinese stocks rose, with Hong Kong’s tech-led Hang Seng Index up 2.6%, while leading Chinese stocks CSI300 rose 0.23%.
Spot gold was down 0.3% at $2,176 an ounce, still within sight of last week’s record of $2,194.99.
Source: Ambito
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