Global Shares Edge Higher Ahead of US Inflation Data, Yen Firms

Global Shares Edge Higher Ahead of US Inflation Data, Yen Firms
A media person stands in front of the stock quotation board during a ceremony marking the end of trading in 2022 at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, on Dec. 30, 2022. Issei Kato/Reuters
Reuters
Updated:

Global shares edged higher on Tuesday, tracking a rebound on Wall Street ahead of a key U.S. inflation report and speeches by Federal Reserve members, while the yen recouped losses after Japan nominated a new central bank governor.

European shares cheered an upbeat handover from Asia, with the pan-European STOXX 600 up 0.5 percent, hovering near its highest in a year, while a continued uptrend in London’s FTSE 100 saw it scale new peaks.