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Stock Market

Wall St, European stocks soar after soft U.S. inflation data

NEW YORK/LONDON, Nov 14 (Reuters) - World stocks soared on Tuesday after U.S. inflation data came in cooler than forecast in October, fuelling investor bets that an era of interest rate rises is over and borrowing costs may even soon start to fall.Data showed U.S. consumer prices were unchanged in October amid lower gasoline prices, while underlying inflation showed signs of slowing. Excluding volatile food and energy components, the CPI increased 0.2% amid higher costs for rental housing. Analysts polled by Reuters had expected a 0.3% gain.By 12:02 p.m. ET...
Currencies

Shares lose momentum as doubts cloud interest rate optimism

FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo Acquire Licensing RightsWall Street edges higher as Euro STOXX 600 falls 0.06%Dollar gains as appetite for riskier currencies diminishesTreasury yields slip as investors weigh Fed commentaryAussie drops 1.2% on 'dovish hike' from RBANEW YORK/LONDON, Nov 7 (Reuters) - World share markets lost momentum on Tuesday as investor optimism that interest rates have peaked and the Federal Reserve will soon begin cutting them faded, while the dollar made gains...
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