With inflation cooling around the world, market indexes are struggling to hold near-record highs amid stretched valuations and rate uncertainties. Consumers are facing a sharp jump in housing costs and the cost of living crisis, while central banks are still lagging to contain well-anchored inflation.
U.S. consumer price inflation stayed above 3% after housing costs continued to climb at an elevated pace, and a steady decline in food and energy price inflation drove overall German inflation lower in February. Chinese companies expand their stock buyback programs to take advantage of the persistent market slump.