Mixed reactions in markets as U.S. inflation data cools.

1 min read
Source: Reuters
Mixed reactions in markets as U.S. inflation data cools.
Photo: Reuters
TL;DR

Global shares rose and the dollar remained near two-month lows after U.S. inflation data suggested the Federal Reserve may soon be finished raising interest rates, which in turn kept gold above $2,000 an ounce. The euro hit a 2-1/2 month high at $1.103. Investors are positive on Europe, where blue-chip stocks hit a two-decade peak on Wednesday, and reckon Europe's central bankers will need to be more hawkish longer than their U.S. counterparts to rein in rising prices.

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