Stock markets mostly rise as US wholesale inflation slows [Video]

Global stocks mostly rose on Tuesday as attention turned to economic data and its impact on interest rates.

The week’s main focus is expected to be US consumer inflation figures on Wednesday, but investors got reassuring wholesale price data on Tuesday.

The producer price index (PPI) rose by 0.1 percent in July, down slightly from a 0.2 rise in June, the US Labor Department said in a statement.

This was slightly cooler than the median forecast of economists surveyed by Dow Jones Newswires and The Wall Street Journal.

Core PPI that excludes volatile food and energy prices was flat.

On an annual basis, PPI came in at 2.2 percent, down sharply from a revised 2.7 percent rise a month earlier.

“The key takeaway from the report is the disinflation trend in total and core PPI, as that is moving in a necessary direction to drive a rate cut by the …