"Global Markets React to Anticipated Inflation Data: Stocks Edge Up, Asian Shares Mostly Higher"

Global stocks and bonds edged higher as traders speculated that a crucial US inflation report would show a slowdown in price pressures, reinforcing the belief that interest rates have peaked. The Stoxx 600 index rose 0.2%, with mining stocks leading the gains. Equity futures also rose, and Treasury yields slipped. The US inflation report is expected to show a decrease to an annual rate of 3.3% in October, while core inflation is predicted to remain unchanged. Traders are also monitoring the impact of the data on the yen, with some analysts suggesting that a stronger-than-expected print could push the Japanese currency to a 33-year low and potentially trigger intervention by the central bank.