ReutersNEW YORK (Reuters) -MSCI's global stock index gained ground on Thursday, bouncing back after a late sell-off in the previous session, while Treasury yields dipped with the dollar ahead of a key U.S. inflation reading due out on Friday morning. Wall Street had suffered its biggest drop since September on Wednesday, likely helped by hedging activity associated with trading in short-dated options, according to analysts. Also, investors, keenly waiting for a Personal Consumption Expenditure (PCE) index report due out on Friday, appeared to be betting on data that would confirm easing inflation.

Source: Wall Street Journal December 21, 2023 01:43 UTC