Loading ...US equity futures and world stocks jumped to their highest in over a week after the latest CPI report calmed investor nerves about inflation which coupled with a solid 10Y auction and a surprise pledge from the ECB which pledged to ramp up its buying of government debt in coming months in a bid to a contain rising bond yields that threaten to derail the region’s economic recovery. The ECB announcement helped already low yields drop further and pushed the MSCI’s All Country World Index to its highest in just over a week, up 0.7% on the day. Tech stocks got a further boost – led by Chinese semi companies – after China’s main industry association said it will work with its U.S. counterpart to discuss supply-chain safety and trade restrictions
Dow E-minis were up 118 points, or 0.37%, S&P 500 E-minis were up 30.25 points, or 0.77% and Nasdaq 100 E-minis were up 248 points, or 2% At 7:45 a.m. ET.