Global stocks rise as hot CPI data fails to unnerve investors | Malay Mail

NEW YORK, Dec 11 — The dollar weakened and a gauge of global equity markets rose higher yesterday after data showed consumer prices rose as expected in November, easing concerns the US Federal Reserve would aggressively tighten monetary policy to combat inflation.

The data failed to unnerve investors who closely watched the Labour Department report. The benchmark for US equities, the S&P 500 index, closed at its 67th record high of the year, according to S&P Global. “We believe the market can handle rate increases as long as they’re transparent and they’re at the right pace,” he said, noting he expects two or three interest rate hikes next year.

The Dow Jones Industrial Average rose 0.60 per cent, the S&P 500 gained 0.95 per cent and the Nasdaq Composite advanced 0.73 per cent.

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Tokyo stocks open lower ahead of US CPI | Malay MailTOKYO, Dec 10 ― Tokyo stocks opened lower today after US shares snapped a three-day rally and investors awaited a key US inflation report due later in the day. The benchmark Nikkei 225 index was down 0.50 per cent or 144.70 points at 28,580.77 in early trade, while the broader Topix index slipped...
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