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Shares nudge higher as US, EU inflation data loom
LONDON (Reuters) -World shares firmed on Monday as investors braced for a busy run of inflation data that could set the scene for a European rate cut as soon as next week and a U.S. policy easing within just a few months. Holidays in Britain and the United States made for thin trading ahead of Friday’s figures on core personal consumption expenditures (PCE), the Federal Reserve’s preferred measure of inflation. “The pathway to the Federal Reserve’s 2% target appears longer and more arduous than anticipated last year,” said Bruno Schneller, managing director at Erlen Capital Management.
Reuters•
