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Stocks Hold on to Gains Ahead of US Inflation Test

Started by Epoch-Times-Bot, Jan 12, 2023, 06:00 AM

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Epoch-Times-Bot

Jan 12, 2023, 06:00 AM
Stocks Hold on to Gains Ahead of US Inflation Test

MILAN—World stocks held on to modest gains on Thursday on cautious optimism that U.S. data will confirm inflation is softening, while the yen rose with a report Japan will this month review the side-effects of its ultra-easy policy.
A MSCI gauge of world stocks rose 0.2 percent to a four-week high by 0831 GMT ahead of core U.S. consumer price inflation, which are expected to have slowed to an annual 5.7 percent in December, from 6 percent a month earlier. Month-on-month headline inflation is seen at zero.
Bonds held gains, also mirroring hopes of a softer inflation print, and the U.S. dollar was near a seven-month low against a basket of currencies. Europe’s STOXX 600 equity benchmark index rose 0.4 percent to its highest since April 2022....

Source: Stocks Hold on to Gains Ahead of US Inflation Test

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