💨 Abstract

Global equities rallied on Wednesday as the dollar fell and Treasury yields dipped due to lower-than-expected U.S. core inflation. Oil prices also increased due to supply disruptions from new U.S. sanctions on Russia, but gains were limited by a peace deal in Gaza. Investors were encouraged by the lower inflation reading, which indicates a better economic outlook and could lead to further interest rate cuts by the Federal Reserve.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖