Global stocks tick up; U.S. futures rise
Bond yields tumble again but remain high
Oil prices steady after rising on IsraelHamas war
LONDONSINGAPORE, Oct 11 Reuters Global stocks edged higher on Wednesday while bond yields dropped again as investors waited for minutes from the latest Federal Reserve meeting and U.S. inflation figures.
Meanwhile, oil prices were little changed as traders kept an eye on the conflict between Palestinian militants and Israel. Prices spiked on Monday in the wake of Hamas39; weekend attack on southern Israel, before cooling somewhat on Tuesday.
The MSCI All World stock index was last up 0.21 on Wednesday, after rising 1 in the previous session.
Futures for the SP 500 were up 0.26 after the stock index climbed 0.52 on Tuesday. Nasdaq and Dow Jones futures rose 0.4 and 0.27 respectively.
Europe39;s continentwide STOXX 600 index was 0.33 higher in early trading after surging 1.96 in the previous session. French luxury company LVMH fell 5.9 after it posted results that showed its sales growth slowed.
I39;m expecting the market to remain in waitandsee mode throughout the day because we have the Fed minutes tonight…. and U.S. inflation tomorrow, said Florian Ielpo, head of macro at Lombard Odier Investment Managers.
Global stocks, which had been on the slide since early August, have rallied for the last few sessions. Investors have shifted back to equities as U.S. bond yields which underpin borrowing costs around the world have dropped…