World Stocks Up Ahead of U.S. Inflation Data, Bonds Steady as Fitch Downgrades China Outlook

• World stocks trade higher ahead of U.S. inflation data, bonds and currencies steady • Crucial U.S. CPI inflation data for March due later today • Ratings agency Fitch downgrades China outlook to negative, expects slower economic growth • U.S. Treasuries quiet ahead of inflation data, 10-year yield flat at 4.362%
• Defense stocks in Europe down 0.3%, stabilizing after tumbling 3.8% yesterday on valuation concerns