Global Markets Climb After Inflation Data

Equity markets rallied across Asia, Europe, and the Americas after fresh inflation data came in cooler than expected, reviving hopes that central banks can ease policy without reigniting price pressures.

The benchmark indexes gained between one and two percent on the day, with rate-sensitive sectors — housing, utilities, and small caps — leading the advance.

What changed

Core inflation slowed for the third consecutive month, driven by easing shelter costs and a continued unwind of supply-chain bottlenecks.

What to watch

Traders now price in a higher probability of rate cuts early next year. But economists warn that energy prices and wage growth remain wildcards.

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