Premarket: Global stocks rise ahead of U.S. inflation data

Global shares rose and the dollar recovered as markets awaited U.S. consumer inflation data and the start of major bank earnings; oil and gold also gained amid unrest in Iran and currency moves.

Global markets opened higher on Tuesday as investors awaited U.S. consumer price inflation data and the first major bank earnings of the season. Oil and gold gained amid unrest in Iran and a weaker yen. Political comments about tariffs and central bank independence added to market uncertainty but did not prevent modest gains. Market snapshot: - Global shares rose, with Europe's STOXX 600 up about 0.1% and U.S. futures mostly flat. - Japan's Nikkei jumped about 3.3% to record highs, helped by a slide in the yen to historic lows. - The dollar held relatively firm while the yen fell to near 158.89 against the dollar; the euro and pound were largely steady. - Brent crude was about $64.63 a barrel and U.S. crude near $60.22, while gold topped $4,600 an ounce after a record high the previous day. - Traders were focused on U.S. December core inflation, forecast around 2.7%, and the article mentions major U.S. banks beginning to report results. - The article reports that U.S. political actions—including a tariff pledge and public criticism of the Federal Reserve—have prompted statements from former Fed chairs and coordinated support for the Fed chair by global central bank officials. Summary: Markets have risen modestly despite geopolitical and political developments, with attention concentrated on U.S. inflation data and the start of major bank earnings. Market direction in the near term will hinge on those incoming data and company reports.