Morning Bid: Dollar swoons in upbeat inflation vigil

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Key Points

World markets leaned positively into another critical U.S. inflation report later on Wednesday, seeding a dollar (.DXY) slide to two-month lows that's revved-up yen and sterling gains...

The importance of the monthly U.S. consumer price report for Federal Reserve thinking and the entire U.S. rates complex is not hard to see..

U.S. stocks (.SPX), (.IXIC) climbed for the second day in a row on Tuesday and S&P500 futures are positive ahead of today's open - with more signs of rotation in the outperformance of small cap stocks (.RUT) versus the mega cap tech sector, while banks advanced ahead of second-quarter earnings later this week...

Spurred by aggressive expectations of Bank of England interest hikes far above the Fed's, in order to rein in Britain's outlying inflation problem, the pound briefly hit its highest in 15 months on Wednesday before recoiling..

The deals world was enlivened as Microsoft (MSFT.O) cleared major hurdles to its plan to buy videogame maker Activision Blizzard (ATVI.O) on Tuesday after a U.S. judge gave a thumbs-up to the $69 billion deal and a British regulator suggested it could reconsider its opposition..

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