Stocks creep higher as focus turns to U.S. inflation data

Published by
Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – Asian stocks rose on Tuesday as traders in Korea returned from holidays in a mood to catch up on a global bounce, while other markets held steady ahead of U.S. inflation data that will offer a crucial guide to the interest rate outlook. Wall Street indexes posted a fourth straight session of gains overnight, while the U.S. dollar retreated further from milestone highs – partly on hopes that the prices data, due at 1230 GMT, might offer another signal that inflation has peaked. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6%, led by a …

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