Tesla gains on surge in China sales, UBS upgrade; 10-year Treasury yield up at 3.04%; Brent above $123 a barrel
US consumer price data due to be released later on Thursday is expected to show the pace of annual price increases jumped to 7.9% last month from 7.5% in January
In the 12 months through February, the CPI shot up 7.9%, the biggest year-on-year increase since January 1982
In the 12 months through January, the CPI jumped 7.5%, the biggest year-on-year increase since February 1982
A robust inflation reading is expected to burnish gold's appeal as an inflation hedge, but interest rate hikes would raise the opportunity cost of holding non-yielding bullion
The euro edged up on Wednesday but was off Friday's three-week high, as traders looked for clues as to when the European Central Bank will hike interest rates
The Australian dollar got a bit of a lift as continued gains in global stocks boosted the mood for risk taking
US consumer prices in November rose at the fastest annual pace in almost 40 years, increasing pressure on the Federal Reserve to tighten monetary policy, the Labour Department reported.
The data, along expected lines, puts added pressure on policymakers to withdraw pandemic-era stimulus at a faster pace in coming months
Global shares hit record highs Wednesday after data showed US consumer price increases slowed in July, easing concerns that the Federal Reserve will imminently signal a scaling back of bond purchases
The consumer price index increased 0.9% last month, the largest gain since June 2008, after advancing 0.6% in May.
The consumer price index increased 0.8 per cent from the prior month, reflecting gains in nearly every major category and a sign burgeoning demand is giving companies latitude to pass on higher costs
The consumer price index increased 0.4% last month after rising 0.3% in January.
Despite claims dropping to their lowest since March, they remained above their peak of 665,000 during the 2007-2009 Great Recession
Excluding the volatile food and energy components, the CPI climbed 0.2 percent, matching February's increase
Inflation concerns sparked a sell-off on Wall Street and boosted benchmark US Treasury yields to a four-year high
Soft domestic demand temper expectations of strong acceleration in economic growth in 2nd quarter
Fed has 2% inflation target, tracks an inflation measure which is currently at 1.5%
Fed Chair Janet Yellen told lawmakers that waiting too long to remove accommodation would be unwise