Motilal Oswal
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Motilal Oswal
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Wall Street moves higher on trade optimism

Updated : February 13, 2019 09:02 PM IST

US consumer prices were unchanged for a third straight month in January, leading to the smallest annual increase in inflation in more than 1-1/2 years, which could allow the Federal Reserve to hold interest rates steady for a while.
The inflation data pushed US treasury yields higher, helping the financials sector rise 1.03 percent and the banking index gain 0.92 percent.
Wall Street moves higher on trade optimism
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