💨 Abstract

Global stocks surged on Thursday following a benign U.S. inflation report that raised expectations for Federal Reserve rate cuts and sent global bond yields lower. Strong earnings from blue-chip companies across the world added to the equities rally. Richemont, the owner of Cartier jewellery, led gains in the European luxury sector. The inflation report showed core U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖