Buoyant stock markets on pause, eye U.S. inflation

0
16
Published by
Reuters

By Julien Ponthus and Julie Zhu LONDON (Reuters) – Boosted by a $1 trillion U.S. infrastructure bill, global stock markets held the line close to their all-time highs on Tuesday but investors were reluctant to commit further to the rally before getting a clearer picture of the surge in U.S inflation. U.S. Treasury yields slipped after the uplift triggered by the weekend passage of the long-delayed infrastructure stimulus faded and the dollar was held below recent highs. The pan-European STOXX opened flat but just a whisker from the record high hit last week while MSCI’s broadest index of Asia-…

Read More