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LONDON (Reuters) -Global stocks were steady on Tuesday as market players awaited U.S. data expected to show a pick-up in inflation, with the dollar also edging higher.
FILE PHOTO: A man rides a bicycle past a screen displaying Nikkei share average and stock indexes outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan December 30, 2020. REUTERS/Issei Kato/File Photo
The broad Euro STOXX 600 gained 0.2%, hovering near record highs, with export-heavy German shares and Paris both up 0.2%. London shares fell 0.2%.
Investors were focused on U.S. inflation data for March, due at 1230 GMT, with many expecting that an increase in inflation would accelerate recent moves by equity investors to rotate towards cyclical stocks.
The dollar hovered near a three-week low against major rivals on Tuesday, pressured by lower Treasury yields as traders awaited highly anticipated U.S. inflation data later in the global day.