Global shares edged higher on Tuesday, tracking a rebound on Wall Street ahead of a key U.S. inflation report and speeches by Federal Reserve members, while the yen recouped losses after Japan nominated a new central bank governor.
European shares cheered an upbeat handover from Asia, with the pan-European STOXX 600 up 0.5 percent, hovering near its highest in a year, while a continued uptrend in London’s FTSE 100 saw it scale new peaks.
Wall Street futures were muted with the focus on U.S. consumer price index (CPI) data for January, which is expected to show how effective Federal Reserve policy tightening has been in taming inflation. Overnight, the S&P 500 closed up 1.1 percent….