Wall Street stock markets remained on a bullish trend while U.S. treasury yields and the dollar declined after recent inflation data showed price pressures soared but were still in anticipation.
It indirectly signals the possibility that the Federal Reserve (Fed) will not be in a hurry in raising interest rates.
Meanwhile, US consumer price index data jumped 7% in 12 months, the highest increase since 1982.
The Dow Jones Industrial average was up 0.11%, the S&P 500 was up 0.28%and the Nasdaq Composite was up 0.23%.
The pan-European STOXX 600 index rose 0.65% and Britain’s FTSE 100 reached 0.81%.
Japan’s Nikkei rose 1.9% overnight while MSCI’s broadest index of Asia-Pacific stocks outside Japan added 1.95%.
In addition, equity markets supported MSCI’s worldwide benchmark by 0.8%.
The benchmark 10 -year yield was down 1.7481% after falling as much as 1.7269% which is a drop of more than 7 basis points from Monday’s 2 -year high.
Meanwhile, the dollar plunged to a 2 -year low with the dollar index falling 0.666% at 94.97 while the Euro rose 0.66% to a 2 -month high at $ 1,14430 and spot gold rose 0.2% at $ 1,825.40 an ounce.
The oil market saw US crude oil prices jump 1.92% at $ 82.78 a barrel and Brent oil jumped 1.24% at $ 84.76.
