Investing.com – European stock markets are seen opening mixed Wednesday, largely continuing the positive global trend on the back of falling bond yields as U.S. inflation concerns eased, although other concerns over Covid-19 remain.
Wall Street ended mostly higher Tuesday, with the broad-based S&P 500 index posting another record close, and Asian stock markets have largely followed suit as key U.S. Treasury yields fell to a fresh three-week low after data showed U.S. inflation was not spiralling out of control.
The U.S. consumer price index rose 0.6% in March, the biggest increase since August 2012, but the market had seemingly positioned for a higher figure as rising vaccinations and fiscal stimulus released pent-up demand. Read more…..
Chart of the Day
A ‘shrewd’ question at the 1996 Berkshire Hathaway annual meeting. Featuring Warren Buffett and Charlie Munger.