Forex
US Stocks Rise as Inflation Data Boosts Rate Hike Odds
The divergence between European and US equity markets continued as inflation data shaped rate expectations across global indices.
In the US, the S&P 500 closed 0.26% higher while the Nasdaq Composite gained 0.54%, with a chipmaker-led AI rally driving the technology sector.
The Dow Jones slipped 0.04% due to geopolitical uncertainty and weakness in select mega-cap names.
In Europe, stocks fell, with the FTSE 100 down 0.10% and the Euro Stoxx 50 falling 0.26%, as renewed Middle East tensions and a sharp drop in SAP weighed on sentiment.