Stocks rise ahead of US inflation data; SEC approves bitcoin ETFs By Reuters

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© Reuters. Passersby walk past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan October 4, 2023. REUTERS/Issei Kato/File Photo

By Caroline Valetkevitch

NEW YORK (Reuters) – Global stock indexes rose and edged up on Wednesday as investors looked ahead to a U.S. consumer price report for possible clues on when the Federal Reserve could begin cutting interest rates.

Late in the day, the U.S. Securities and Exchange Commission approved the first U.S-listed exchange traded funds (ETFs) to track bitcoin. has gained sharply in recent months on the expectation ETFs for the asset would be approved.

Investors are gearing up for the December consumer price index report due on Thursday. It is expected to show that headline inflation rose 0.2% in the month and by 3.2% on an annual basis.,

Investors are also anxious to see U.S. company quarterly results, which…

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