Global stocks ticked higher and the dollar slipped on Tuesday as a fall in U.S. inflation and an improving outlook for China's economy continued to cheer investors, APA reports citing Reuters.
Equities and bonds rallied dramatically around the world last week after data showed that U.S. inflation slowed down by more than expected in October. The figures raised hopes that the Federal Reserve will let up on the aggressive interest rate hikes which have battered global markets this year.
Equities and bonds rallied dramatically around the world last week after data showed that U.S. inflation slowed down by more than expected in October. The figures raised hopes that the Federal Reserve will let up on the aggressive interest rate hikes which have battered global markets this year.
The sugar rush has faded since but the mood has remained relatively bright, with the MSCI All World stock index (.MIWD00000PUS) edging 0.4% higher on Tuesday to 617.23. It stood at 582 before the release of the inflation data on Thursday.
The dollar was last down 0.27% against Japan's yen to 139.53, just above Thursday's three-month low. Meanwhile, the euro was up 0.64% against the greenback to a more than four-month high of $1.039.
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