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U.S. inflation test looms large, dollar pressured
The dollar slid to a 15-month low against the yen on Wednesday, while world stock markets found firmer ground ahead of U.S. inflation numbers that could soothe, or inflame, fears of faster interest-rate hikes globally. European stock markets (.STOXX) were broadly higher thanks to strong earnings results and data confirmed the fastest euro zone economic growth for more than 10 years in 2017. Blue-chip indexes in London (.FTSE), Paris (.FCHI) and Frankfurt (.GDAXI) were up around 0.7 percent each, while higher U.S. stock futures (ESc1) (1YMc1) pointed to a positive start for Wall Street shares which climbed on Tuesday for a third straight day.
https://finance.yahoo.com/news/asia-shares-dollar-tense-inflation-003515130.html?.tsrc=rss
The dollar slid to a 15-month low against the yen on Wednesday, while world stock markets found firmer ground ahead of U.S. inflation numbers that could soothe, or inflame, fears of faster interest-rate hikes globally. European stock markets (.STOXX) were broadly higher thanks to strong earnings results and data confirmed the fastest euro zone economic growth for more than 10 years in 2017. Blue-chip indexes in London (.FTSE), Paris (.FCHI) and Frankfurt (.GDAXI) were up around 0.7 percent each, while higher U.S. stock futures (ESc1) (1YMc1) pointed to a positive start for Wall Street shares which climbed on Tuesday for a third straight day.
https://finance.yahoo.com/news/asia-shares-dollar-tense-inflation-003515130.html?.tsrc=rss
