Stocks and gold cheer U.S. inflation picture, while dollar slides
newscatcher
2023-04-13 14:31
Stocks and gold cheer U.S. inflation picture, while dollar slides
LONDON -Global shares rose on Thursday, while the dollar held near two-month lows after U.S. inflation data suggested the Federal Reserve may soon be finished raising interest rates, which in turn kept gold above $2,000 an ounce. The euro hit a 2-1/2 month high at $1.103. Investors are positive on Europe, where blue-chip stocks hit a two-decade peak on Wednesday, and reckon Europe's central bankers will need to be more hawkish longer than their U.S. counterparts to rein in rising prices. The broader STOXX 600 index rose 0.

https://business.inquirer.net/395744/stocks-and-gold-cheer-u-s-inflation-picture-while-dollar-slides

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