Stocks flat, US yields edge higher ahead of data

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Key Points

NEW YORK (Reuters) A gauge of global stocks was little changed on Wednesday, pausing after equities in Europe and the U.S. hit record levels in the prior session, as investors looked to the next round of data on inflation and consumer health...

Stocks in Europe and the S&P 500 closed at records in the prior session, shaking off a slightly hotter than expected reading on U.S. consumer inflation (CPI), with the S&P 500 also getting a lift from a surge in Oracle shares after its quarterly earnings...

The inflation data did little to alter expectations that the Federal Reserve will cut rates by at least 25 basis points (bps) at its June meeting, currently at 65.5% according to CMEs FedWatch Tool...

Investors will get another round of inflation data in the form of the U.S. producer price index (PPI) on Thursday, along with data on consumer spending and the labor market, before next weeks policy meeting for the Fed...

The dollar index fell 0.08% at 102.84, with the euro up 0.14% at $1.0937 after the result of the long-awaited Operational Framework Review showed the European Central Bank (ECB) wants to wean banks off free cash but it will try to do so gently enough not to upset the financial system or lending..

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