GLOBAL MARKETS-Equities rally, dollar falls as inflation concerns grow ...Middle East

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GLOBAL MARKETS-Equities rally, dollar falls as inflation concerns grow
source : Devdiscourse ( Middle East ) () 55
Global equities gained on Monday while the dollar traded near four-month lows against major currencies as investors eye upcoming U.S. inflation readings for guidance on monetary policy. Market participants were gearing up for the U.S. personal consumption data on Thursday, the Federal Reserve's preferred inflation measure, and a potential tapering of asset purchases in the face of strong economic data. The yield on the benchmark 10-year U.S. Treasury dipped to one-week lows, while safe-haven gold inched higher. "The market is taking a deep breath and is coming to terms with inflation," said Thomas Hayes, managing member at Great Hill Capital in New York.

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