The US and international markets are expected to see new highs in equities ahead of schedule due to a relaxed Federal Reserve chairman and producer price reading.

The tech-heavy Nasdaq set a record closing high on Tuesday, while MSCI’s all-country index charged to all-time highs on Wednesday.

The STOXX 600 pan-Europe index also set new records.

The S&P 500 is less than 0.3% from its all-time high of 5264.85, and futures are higher before the open.

Interest rate markets and Treasuries adopted a “glass half full” attitude towards Tuesday’s PPI statistics and Fed Chairman Jerome Powell’s visit to the Netherlands.

Powell appeared pleased that disinflation was set to resume, but did not reveal much information or make any firm statements about the next steps in policy.

Economists predict that the Fed’s preferred core PCE price index could increase by 0.2% or 0.3% in April following a 0.3% increase in March.

The release of April retail sales data may have been overlooked in the attention on inflation.