Markets Bounce Back Amid Inflation Data and AI Investment Uncertainty

Global stock markets rebounded on Thursday following the release of U.S. inflation data for June, which came in line with expectations. This easing of concerns about spending in the artificial intelligence sector was partly due to positive earnings from Microsoft.

However, long-term U.S. borrowing costs surged to a 19-year high amid skepticism over the Federal Reserve's capacity to manage inflation effectively.

The rebound was not uniform across tech sectors, particularly in AI, where traders are navigating an uncertain landscape with varying performances.