Reported 9 months ago
Global stock indexes edged higher while U.S. Treasury yields slightly declined following U.S. economic reports indicating weakening momentum, with investors anticipating the release of U.S. personal consumption expenditures data. The data supported the possibility of the Fed cutting interest rates soon. The Japanese yen strengthened from a 38-year low against the dollar, prompting market vigilance for potential Japanese intervention. Wall Street's major indexes saw slight gains, with Micron Technology experiencing a decline after an unsatisfactory revenue forecast. Investors are concerned about inflation, especially after spikes in Australia and Canada's inflation data, and upcoming events like the French parliamentary elections and inflation data releases in France, Italy, and Spain.
Source: YAHOO