By Caroline Valetkevitch
NEW YORK (Reuters) – Global stock indexes rose and U.S. 10-year Treasury yields 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. 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 begin with reports from some of the big U.S. banks on Friday.
“There’s still speculation about when the Fed may lower rates. I take them for their word – higher for longer,” said Tim…
