Investors worry stronger inflation might prompt governments and central banks to roll back economic stimulus. They have been reassured by comments from
“Inflationistas look like they might be ready to throw in the towel,” said
Investors also have been encouraged by stronger
Data due out Thursday are expected to show the biggest global economy accelerated in the first three months of this year after expanding at an annual rate of 4.3% in 2020's final quarter. Economists expect a huge rebound this year following the deepest slump since the Great Depression of the 1930s.
In early trading, the
In Asian trading Wednesday, the Shanghai Composite Index rose 0.3% to 3,593.36 and the
The Kospi in
Financial, energy and health care stocks accounted for much of Tuesday's decline on
Technology and communication stocks gained. So did big retailers, cruise lines and other companies that rely on consumer spending.
In energy markets, benchmark
The dollar fell to