LONDON, March 10 (Reuters) – World share markets inched higher on Wednesday after a stunning reboot in U.S. tech stocks, while the dollar and benchmark government yields both ticked up ahead of a key U.S. Treasury auction and inflation reading later.
But gains were subdued after Tuesday’s 20% surge in electric car doyen Tesla, 4% jump in the Nasdaq and biggest one-day gain for global heavyweights Amazon and Microsoft in well over a month.
Asia had bounced back from a two-month low as China’s markets shrugged off their recent central bank policy tightening worries and Europe was helped early on by a new all-time high for Germany’s DAX.
The dollar and bond yields ticked up too. Traders were focused on the U.S. bond auction and inflation data later, as well as Thursday’s European Central Bank meeting where it is expected to respond to the recent jump in borrowing costs.