Reported 4 months ago
Global equities rebounded as MSCI's index rose while the dollar and Treasury yields declined following U.S. data showing modest inflation in April. The MSCI All Country World Price Index turned positive after spending most of the session in the red, with Wall Street ending higher. Despite relief that inflation wasn't higher, analysts noted little change in interest-rate expectations. Other data included a decline in the Chicago PMI, Eurozone inflation rise, and falling U.S. Treasury yields. Oil prices fell ahead of an OPEC+ meeting, with gold also decreasing. The dollar index fell for its first monthly decline in 2024. Euro gained against the dollar, while yields on U.S. Treasury notes dropped. [Date and financial contributors as mentioned in the article].
Source: YAHOO