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Latin Times
Latin Times
Business
Agence France-Presse (AFP)

Markets Extend Gains As US Inflation Data Boost Rate Hopes

United States Inflation US Federal Reserve
Oil prices are being supported by worries about the Middle East crisis, though the gains have been tempered by healthy output from key producers. (Credit: AFP)

Most equities marched higher Wednesday after hopes for a Federal Reserve interest rate cut next month were boosted by data showing US wholesale prices rose less than forecast last month.

The producer price index (PPI) report helped traders put last Monday's painful rout behind them and put the focus on consumer inflation figures due later in the day, and retail sales on Thursday.

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