Global stocks and Wall Street futures were higher Tuesday ahead of data traders hope will show that surging U.S. inflation eased in August, reducing pressure for more interest rate hikes.
London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong gained. Oil prices rose by more than $1 per barrel.
Investors were waiting for U.S. government data they hope will show inflation peaked at a four-decade high of 9.1% in June and has fallen further after declining to 8.5% in July.
