Markets Rise Ahead of US Inflation Figures

U.S. stock markets are set to open higher Wednesday as investors prepared for the government’s latest monthly inflation report.

Markets in Europe also showed gains in early trading, while in Asia, Hong Kong’s Hang Seng finished up more than 2 percent and Japan’s Nikkei finished down 0.4 percent.

The U.S. Bureau of Labor Statistics will make public its Consumer Price Index for January with discussion of how prices for certain sectors changed from the prior month.

The report comes after recent wild swings in U.S. stock markets driven by investor fears of high inflation and the possibility the Federal Reserve will move to raise interest rates.

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