Browsing: Stocks

TOKYO – The dollar consolidated on Wednesday ahead of a key inflation report later in the day, while the yen remained a whisker away from what markets believe to be the line in the sand for Japanese authorities to intervene.

HCOB’s composite Purchasing Managers’ Index for the currency union, compiled by S&P Global and seen as a good gauge of overall economic health, climbed to 50.3 in March from February’s 49.2, improving on a preliminary 49.9 estimate

LONDON – European stocks rose to a new all-time high on Tuesday and the dollar held firm, as traders reduced their expectations for U.S. Federal Reserve rate cuts and waited for euro zone inflation data to give clues about the European Central Bank’s path.