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Global Equities Rally, Dollar Slumps on Soft U.S. Inflation Data

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Global stocks rose and the dollar fell after softer-than-expected U.S.
  • producer price data reinforced easing inflation trends.
  • Strong earnings from major banks and positive sentiment in Asia further boosted markets.
  • Oil prices edged higher despite Middle East tensions, while gold saw slight gains.
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