All You Need To Know Going Into Trade On Jan. 12
U.S. stocks rose with investors expecting a deceleration in key inflation data to be released on Jan. 12. Treasuries declined.
The S&P 500 climbed for a second straight session and Nasdaq 100 gained in the run-up to inflation data that may slower the pace of Federal Reserve’s interest rate hikes.
Elsewhere, oil rose as China’s crude consumption continues to increase. Gold rose and Bitcoin oscillated near $17,000.
Back home, Indian benchmark indices traded largely flat through Wednesday and ended marginally lower in trade.
The local currency closed 21 paise higher compared to Tuesday.
