The April inflation data has bolstered hopes of interest rate cuts from the US Federal Reserve later this year. At the opening bell, the Dow Jones Industrial Average rose 56.99 points, or 0.14 per cent, to 39,615.10. The 10-year Treasury yields eased to 4.38 per cent from 4.45 per cent late on Tuesday. Brent crude futures were down 54 cents or 0.6 per cent at $81.84 a barrel at 1140 GMT. US gold futures rose 0.6 per cent to $2,372.70.

Source: Mint May 16, 2024 02:49 UTC