💨 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 🤖
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