Global stocks rise ahead of US inflation report
Global shares mostly rose on Tuesday, boosted by a rally on Wall Street, as investors waited for US consumer price data due out later in the day
Tokyo: Global shares mostly rose on Tuesday, boosted by a rally on Wall Street, as investors waited for US consumer price data due out later in the day. Asian markets in Shanghai, Tokyo and Seoul posted gains, while Hong Kong settled lower. Bourses in Europe were trading in the positive zone in the afternoon session.
The US markets had ended significantly higher in the overnight session. The rupee fell by 12 paise to close at 82.82 (provisional) against the US dollar on Tuesday, as market participants remained on the sidelines ahead of the US inflation data. I
France's CAC 40 added nearly 0.1 per cent in early trading to 7,214.85, while Germany's DAX also rose less than 0.1 per cent, to 15,400.76. Britain's FTSE 100 gained 0.4 per cent to 7,976.92. The future for the Dow Jones Industrial Average rose 0.1 per cent while that for the S and P 500 gained 0.2 per cent.
“Sentiments are largely tracking the positive handover from Wall Street overnight, although much is still up in the air,” Yeap Jun Rong, a market analyst at IG, said in a commentary. In a mixed sign of Japan's shaky recovery, government data showed the world's third largest economy grew at an annual pace of 0.6 per cent in October-December, as restrictions related to the coronavirus pandemic eased, both abroad and in Japan. Tourism recovered, as did local travel, and exports grew, the Cabinet Office reported.
