Stocks rose Tuesday as investors looked to regain some positive momentum ahead of the release of key U.S. inflation data.
pulled back Tuesday as investors looked to regain some positive momentum ahead of the release of key U.S. inflation data.The March consumer price index report is slated for release Wednesday at 8:30 a.m. ET. Economists surveyed by Dow Jones expect inflation to have increased 0.3% in March on a month-over-month basis.
The benchmark 10-year Treasury note yield slipped to 4.38% after trading above 4.4% in the previous session. Less than a month ago, on March 15, NYSE volume reached 38.1 billion shares, nearly matching the 52-week high of 38.48 billion set last Dec. 15, 2023. Both those came on "— Shares jumped 1.9% after Bank of America upgraded the American mining company to buy from neutral, saying it has "blue chip copper exposure."— Shares gained 1.9% after Goldman Sachs upgraded the brewing company to buy, saying the company can benefit as it expands its shelf space in retailers.Although U.S.
"History shows that investors cannot take for granted that the oil/equity correlation will stay positive, especially when worries of a potentially oil-induced inflation rebound remain acute. Additionally, geopolitical risks in the Middle East have shown no signs of abating, in spite of the brief oil rally pause," Pascale wrote in a Tuesday note.European stocks were slightly lower early Tuesday, with the pan-European Stoxx 600 index down by 0.15% at 8:20 a.m. in London.
The so-called northbound trading in the connect schemes allows offshore investors to buy China-listed products via Hong Kong, while southbound trading is designed for China-based investors to buy into Hong Kong products.Lee Boo Jin, the CEO of South Korean hotel group Shilla Hotels, has sold about 5.2 million shares of electronics giant Samsung Electronics in a $326 million block sale, with the shares priced at 84,100 won apiece, according to Reuters.
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