Global stocks rise on US inflation data, upbeat fourth quarter earnings

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Global stocks rise on US inflation data, upbeat fourth quarter earnings - Business Standard

Quick Summary:

The yield on benchmark US 10-year notes fell 13.9 basis points to 4.649 per cent, from 4.788 per cent late on Tuesday, while the 30-year bond yield fell to 4.867 per cent from 4.985 per cent.

MSCI's gauge of stocks across the globe rose 12.19 points, or 1.46 per cent, to 846.60.

When, or by how much, the Fed might cut was still up for debate, however."There was a growing fear that inflation pressures would cause the Fed to have to even contemplate raising rates in the near term and that's taken off the table just a bit," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company."It doesn't mean that the Fed is going to ease.