(Updates with U.S. market closing data) 

  * World FX rates https: //tmsnrt.rs/2RBWI5E 

  * Major U.S. indexes advance; Nasdaq out front 

  * Eyes on U.S. inflation, Fed speakers for tapering clues 

  * Bitcoin jumps more than 10%, ether more than 16% 

  By Chibuike Oguh 

  NEW YORK, May 24 (Reuters) – Global equity markets gained on Monday while the dollar traded near four-month lows against major currencies as investors eye upcoming U.S. inflation readings for guidance on monetary policy. Market participants were gearing up for U.S. personal consumption data – the Federal Reserve’s preferred inflation measure – on Thursday, and a potential tapering of asset purchases in the face of strong economic data. The yield on the benchmark 10-year U.S. Treasury note dipped to one-week lows, while safe-haven gold inched higher. “The market is taking a deep breath and is coming to terms with inflation,” said Thomas Hayes, managing…

Read more…

Share.

Comments are closed.