The key world economic data point of the day was the U.S. consumer price index report for February, which came in at up 0.2%, and up 2.2%, year-on-year. Those numbers were in line with market expectations.
The "core" CPI number, which excludes food and energy, was also up 0.2% from January and up 1.8%, year-on-year. The CPI data is at least a temporary balm for those worried about hotter inflation creating economic problems in the coming months.
Inflation readings from the world's major economies have been creeping up recently, which has caused a bit of concern among traders and investors. However, with most of the world inflation data being reported near or just above a 2.0% rise recently, most agree there is no cause for alarm, for now.
Most major central banks of the world actually want to see an annual inflation rate of right around 2.0%.