US Inflation Data Boosts Global Markets Amid Ongoing Geopolitical Tensions

Global markets reacted positively to the release of U.S. inflation data on Thursday, which showed consumer prices rose by a marginal 0.1% in July, matching forecasts.

The news reduced the likelihood of imminent Federal Reserve rate hikes, with money markets estimating a 40% chance, down from 54% last week.

Asian markets led the charge, with the MSCI's broad index excluding Japan rising by 0.97%, thanks in part to a 4.4% surge in South Korean shares and a 1.86% gain in Japan's Nikkei.

The U.S. stock market concluded mixed, with the Nasdaq and S&P 500 making slight gains, while the Dow Jones fell.