Global Markets Mixed With US Indices Declining, Oil And Bond Yields Correct While Gold Edges Higher

US indices closed lower for a second day in a row this week despite an earnings beat from several companies. The Dow, S&P and Nasdaq declined around 1% each. Inflation in the UK came in higher than expected and the highest since 1992 but markets seemed to shrug concerns and the FTSE rose 0.35% in trade on Wednesday. Asian markets have gained in early trade today after being largely in the red yesterday in trade. Bond yields corrected and so did oil prices after the steep rise over the last few days. Gold prices edged higher as traders saw gold as a hedge against inflation.

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