Global stocks record gains as bond yields drop
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Gulf Today Report
Global stock recorded gains on Wednesday as bond yields decline following data indicating the slow pace of US inflation as the economy re-opens.
Asian and European shares jumped, with European shares recording 0.2% gains.
Benchmark US Treasury yields recovered some ground. The 10-year US Treasury yield was at 1.632% after earlier hitting a three-week low.
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In Europe, gains capped following Johnson & Johnson decision to delay the rollout of its COVID-19 vaccine.
In Asia, Japan is recording high number of coronavirus cases, raising concerns about its economic recovery as Tokyo 2020 approaches.
The US consumer price index rose 0.6% in March, the biggest increase since August 2012, as rising vaccinations and fiscal stimulus unleashed pent-up demand, data showed on Tuesday.
