Stock market today: Global markets higher ahead of US inflation, Fed rates decision
Global stock markets and Wall Street futures are higher ahead of a U.S. inflation update and a Federal Reserve decision on another possible interest rate hike
By JOE McDONALD
Published - Jun 13, 2023, 05:31 AM ET
Last Updated - Jun 21, 2023, 09:07 AM EDT
BEIJING (AP) — Global stock markets and Wall Street futures rose Tuesday ahead of a U.S. inflation update and a Federal Reserve decision on another possible interest rate hike.
London and Paris opened higher. Shanghai, Tokyo and Hong Kong advanced. Oil prices rebounded from Monday's plunge.
Wall Street's benchmark S&P 500 index rose 0.9% on Monday to a 14-month high ahead of the release of U.S. inflation figure Tuesday. Forecasters expect it to show inflation eased in May but still was double the Fed's 2% target despite interest rate hikes to cool business activity.
On Tuesday, the S&P 500 future was up 0.3%. That for the Dow Jones Industrial Average gained less than 0.1%.
