US. stocks extended their climb yesterday, rising 0.3%, in a broad-based advance as volatility ebbed.
In currency news, there was a pause in the dollar’s two-day climb as traders await economic data for clues on the pace of U.S. interest-rate increases.
Tomorrow’s US inflation data release will be crucially important for the market surrounding Fed policy expectations.
Europe
European stocks rose 0.5%, to close at the highest level since July, signalling growing risk appetite.
Out of 19 industry groups in the index, 13 groups gained with banking sector stocks leading the charge up 1.7% as investors continue to sell down bond positions driving up interest rates.
Asia
Asian equities tracked the gain in U.S. stocks. Shares in Japan continued to gain, rising 0.5%, as the yen weakened against the dollar. Chinese equities held steady advancing just 0.1%.
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