Global stocks edged higher after traders got sentiment boosts from U.S. Treasury’s top economist said inflation pressure should ease in 2022 supported by weaker demand for goods, easing supply bottlenecks and with an endemic in sight.
In a statement released alongside the Treasury’s quarterly borrowing estimates, Assistant Secretary for Economic Policy Ben Harris said he expects energy prices to stabilize in 2022, but geopolitical instability could push prices higher.
Wallstreet edged higher overnight with earlier rise in European session.
The HSI, KOSPI and TOPIX edged higher by 1.07%, 1.87% and 0.64% respectively.
