From Investing.com: 2024-04-10 05:07:29

World stocks traded higher on Wednesday, unfazed by China’s outlook downgrade, awaiting crucial U.S. inflation data. Europe’s index rose 0.6%, MSCI’s Asia-Pacific shares rose 0.7%. Resilient global economic data and expected central bank rate cuts boosted stocks worldwide. U.S. CPI data for March is key with market pricing reflecting a 50% chance of a rate cut in June. U.S. Treasuries and Euro zone bonds were steady. Defence stocks in Europe were down on stretched valuations. Fitch affirmed China’s rating at ‘A+’ but downgraded outlook to negative, forecasting slower growth this year. Japanese yen remains strong as fears of intervention persist. Gold prices hover near all-time highs.



Read more at Investing.com: Shares gain, treasuries steady ahead of all-important U.S. inflation By Reuters