Global equities gain, as rising bond yields pressure gold

Published by
Reuters UK

By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) -Global shares stemmed a five-session rout on Tuesday as bank shares rebounded and closely-watched U.S. inflation data was in line with expectations, bolstering bets of a smaller interest rate hike by the Federal Reserve at its meeting next week. Bond yields in the U.S. and the euro zone rose after plunging the previous day, curbing a crisis-driven rally in gold. Crude oil futures dropped over 4% to a three-month low. Data showed the U.S. Consumer Price Index (CPI) rose 0.4% in February versus 0.5% a month earlier. On a yearly basis…

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