U.S. producer price data bolsters peak-inflation viewMarkets price in lower Federal Reserve target rateDeaths in Poland spark Ukrainian war escalation fears
NEW YORK, Nov 15 (Reuters) – Stocks rose and the dollar fell on Tuesday after data provided new signs U.S. inflation was peaking, but markets were rattled by media reports that said Russian missiles killed two people in Poland, news that raised fears of an escalation in the Ukraine war.
Firefighters said two people were killed in an eastern Polish village near the Ukrainian border, Reuters reported. Other media said the deaths were due to what Kyiv said were the heaviest Russian missile strikes since the war in Ukraine began.
The White House said it could not confirm the reports, which Russia’s defense ministry denied and described as “a deliberate provocation aimed at escalating the situation.”
Stocks wavered and the dollar briefly rose on initial…