Global Markets Cautiously Optimistic Ahead of US Inflation Data; Reddit Files for $748 Million IPO
• World shares mostly higher ahead of US inflation report that could influence Fed interest rate policy • Asian indexes mixed - Japan's Nikkei slips while Hong Kong's Hang Seng jumps on gains by property developers • US indexes edged up Monday, with S&P 500 near record high, as investors anticipate potential Fed rate cuts • Gold price hits new record high above $2,188 per ounce on lower bond yields and inflation concerns • Reddit files for IPO that could raise $748 million, plans to list on exchange under "RDDT" ticker