Global markets rise on easing inflation and strong bank earnings
pre-market1 source ↓written by the desknot a recommendation
- year-over-year
- 3.5%
The MSCI global equities index surged on Tuesday, driven by softer U.S. inflation at 3.5% year-over-year and strong bank earnings that exceeded Wall Street forecasts. Oil prices also increased amid rising tensions between the U.S. and Iran over the Strait of Hormuz. This positive sentiment may bolster investor confidence in the near term.
Not investment advice. For informational purposes only.