Global shares mostly rose Tuesday, boosted by a rally on Wall Street, as investors waited for U.S. consumer price data due out later in the day.
A currency trader walks by the screen showing the Korea Composite Stock Price Index at a foreign exchange dealing room in Seoul, South Korea, Tuesday, Feb. 14, 2023. Asian shares mostly rose Tuesday, boosted by a rally on Wall Street, as investors waited for U.S. consumer price data due out later in the day. –
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% 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.
On Monday, the S&P 500 climbed 1.1% in anticipation of Tuesday’s report on inflation at the consumer level across the country. The Dow Jones Industrial Average also gained 1.1% and the Nasdaq composite rose 1.5%. Yields were mixed Monday ahead of the inflation report. The yield on the 10-year Treasury, which helps set rates for mortgages and other important loans, dipped to 3.70% from 3.75% late Friday. The two-year yield, which tends to move more on expectations for the Fed, was at 4.54% and close to its highest since November.
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