Global equities gain, as rising bond yields pressure gold

Published by
Reuters UK

By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) – Global shares stemmed a five-session rout on Tuesday as bank shares rebounded and key U.S. inflation data was in line with expectations, bolstering bets of a smaller interest rate hike by the Federal Reserve at its meeting next week. Bond yields in the U.S. and the euro zone rose after plunging the previous day, curbing a crisis-driven rally in gold. Crude oil futures tumbled by $3 a barrel, and U.S. prices hit their lowest since December. Data showed the U.S. Consumer Price Index (CPI) rose 0.4% in February versus 0.5% a month ea…

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