💨 Abstract

Global stocks rose and the U.S. dollar weakened on Thursday as easing core U.S. inflation increased chances of Federal Reserve rate cuts. The yen hit a one-month high on expectations the Bank of Japan could raise rates next week. European stocks were subdued, with focus on luxury firms and chipmakers after strong earnings. Asian stocks followed suit, with the MSCI Asia-Pacific index up 1.2%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖