The rally continues around the world.
Shanghai was up modestly. India gained a whole percentage point. Hong Kong was up a solid 0.6%. And Europe is doing nicely, too. Spain’s IBEX is up nearly 0.5%.
But the US is down, with the NASDAQ leading the way, a situation obviously heavily impacted by the chatter about Steve Jobs’ health.
All eyes are on the big CPI report due out at 8:30. After yesterday’s big 0.5% jump in core PPI the question is, will we see inflation in the US or margin compression. We find out soon.
Oil, meanwhile, continues to look pretty weak.
Business Insider Emails & Alerts
Site highlights each day to your inbox.