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Global stocks edge up, dollar stalks 5-month low

Published by
Reuters UK

By Ankur Banerjee SINGAPORE (Reuters) -Global stocks crept higher on Tuesday and the dollar lingered near a five-month low as investors held fast to bets that cooling U.S. inflation will lead the Federal Reserve to cut interest rates next year. Oil prices jumped over 2% to the highest in almost a month, supported by Middle East strife and investor hopes that possible rate cuts will boost global economic growth and fuel demand. Trading was thin on the day after Christmas with several markets, including those in Australia, Hong Kong, Britain and Germany closed for Boxing Day and the holiday curt…

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