Reported 5 months ago
World shares rose as investors prepared for upcoming inflation data, possibly leading to a rate cut in Europe and policy easing in the U.S. MSCI's global stock index gained 0.2%, expected inflation data may show a rise in PCE price index. The U.S. economic recovery is uneven, and decisions on rate cuts will be based on continuous monitoring of data. The European Central Bank and the Bank of Canada might ease policy, whereas the Fed is likely to wait until September. Currency markets and commodity prices remain steady, with expectations centered around inflation data and upcoming policy decisions.
Source: YAHOO