NEW YORK April 12 ― A global equities index rose slightly yesterday after falling earlier in the day while Treasury yields rose as investors looked to the latest inflation...
KTMB: Passengers unable to continue journey due to disrupted ETS service between Kamunting and Bukit Merah to get full refund
But New York's Fed President John Williams said yesterday that while the central bank has made considerable progress with inflation, it does not yet appear to need rate cuts. Richmond Fed President Thomas Barkin said the Fed is not yet where it wants to be to have confidence price pressure will keep easing.
MSCI's gauge of stocks across the globe rose 2.10 points, or 0.27 per cent, to 774.88 after falling earlier by 0.46 per cent. Europe's STOXX 600 index closed down 0.4 per cent earlier. The 2-year note yield, which typically moves in step with interest rate expectations, fell 1.7 basis points to 4.9524 per cent after earlier hitting 5.012 per cent as investors continued to digest the data from Wednesday.
The dollar index gained 0.07 per cent at 105.27, with the euro down 0.16 per cent at US$1.0725 . Against the Japanese yen, the dollar strengthened 0.05 per cent at 153.25.
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