Global Markets React to Higher U.S. Inflation Data

Global stock markets surged on Thursday, driven by a drop in U.S. Treasury yields and optimism stemming from cooler-than-expected inflation data. The Labor Department reported a 0.4% increase in the Producer Price Index (PPI), exceeding predictions, which contributed to a positive outlook for investors regarding the Federal Reserve's inflation measures. U.S. stocks closed higher, with the Dow Jones, S&P 500, and Nasdaq all making gains, as hopes for peace talks in Ukraine added to market confidence. Meanwhile, the Consumer Price Index (CPI) data indicated a rise in inflation, prompting adjustments in expectations for interest rate cuts by the Federal Reserve. Despite concerns over inflation, the overall market sentiment remained resilient, with mixed trading seen in Asian markets. As the Dollar Index fell, commodities like gold rebounded, reflecting the shifting market dynamics.