© Reuters. FILE PHOTO: A man is reflected on a stock quotation board in Tokyo, Japan February 26, 2021. REUTERS/Kim Kyung-Hoon
By Andrew Galbraith
SHANGHAI (Reuters) – U.S.
bond yields dipped to three-month lows and a broad gauge of Asian shares rose on Friday as investors looked past rising U.S. consumer prices and focused on one off-factors which suggested higher inflation could be short-lived.
Some economists say the rise in the U.S. consumer price index reflected short-term adjustments related to the reopening of the economy, and many investors appear confident that the Federal Reserve is deftly handling a rebound in economic growth – even as questions remain about how it defines “transitory”.
European bourses were set for a stronger open a day after the European Central Bank raised its growth and inflation projections, while pledging a steady flow of stimulus for now.
Pan-region were up 0.2% in early trades and German gained 0.08%. futures rose 0.2%.
Data overnight showed the U.S. consumer...read more...