LONDON—Bets on a screeching slowdown in U.S. inflation data later saw traders shove the dollar to a 2-month low on Wednesday and push stocks up and bond market borrowing costs down for a third day running.
Economists polled by Reuters expect to see June U.S. consumer price inflation slow to 3.1 percent from 4 percent in May, which might be enough to convince the Federal Reserve to end its aggressive rate hikes—if not this month, at least soon.
Europe’s main stock markets had opened 0.7 percent higher, led once again by the high-flying tech sector, and MSCI’s main 47-country world index was up a full 20 percent from rate hike-induced lows hit in October….