GLOBAL MARKETS-Stocks rise, U.S. yields slip as markets await Fed rate hike

NEW YORK/MILAN: A gauge of global equity markets edged higher on Tuesday while 10-year U.S. Treasury yields slid from the 3% level as investors remained cautious, expecting the Federal Reserve to hike rates by the most in a single day since 2000 to curb inflation.

Feeding inflation worries, data showed U.S. job openings hit a record in March as worker shortages persisted. This suggested employers may need to raise wages, which likely would increase consumer prices. Read full story