Stocks rise on eve of US inflation data
- Date: 10-Feb-2022
- Source: Jordan Times
- Sector:Financial Markets
- Country:Gulf
Stocks rise on eve of US inflation data
LONDON — Stock markets climbed on Wednesday on the eve of highly anticipated US inflation data, with sentiment buoyed by easing geopolitical tensions between Russia and Ukraine.
Sentiment has also been bolstered by easing COVID restrictions in many countries, with London's FTSE 100 hitting a two-year high as tourism stocks have taken off.
Oil prices rebounded from losses the previous day as US data showed stocks fell when analysts had expected an increase.
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