Global equities have traced higher after a mixed day of results in Asia, as investors brace for the important Consumer Price Index statistics from the States.
European Indexes have been positive thus far, and Wall Street is expected to open with gains. However, things may reverse quickly if there is a surprise via the U.S inflation data. Last Friday’s Average Hourly Earnings came in below its estimate, which may have some speculators today wagering on weaker inflation from the States. But should the data prove strong it would certainly solidify the aggressive stance which has been coming from the U.S Federal Reserve. The U.S central bank will hold a monetary policy meeting in approximately ten days.