Dollar Drops, Stocks Gain Before US Inflation Data: Markets Wrap

News Snapshot:

(Bloomberg) — The dollar weakened, stocks rose and Treasury yields dipped on expectations slowing US inflation will erode the case for more rate hikes. Most Read from Bloomberg A gauge of the greenback dropped to the lowest since April as traders focus on US consumer price data due later Wednesday, with a Bloomberg survey showing expectations for both core and headline inflation continuing to moderate in the face of the Federal Reserve’s monetary policy onslaught. The Stoxx Europe 600 index advanced for a fourth day, with bank shares outperforming after the UK’s eight largest lenders all passed the Bank of...