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Premarket: Stocks near record highs; benign U.S. inflation eclipses oil rally

InflationInterest Rates & YieldsGeopolitics & WarEnergy Markets & PricesMarket Technicals & Flows

Global stocks stayed near record highs for a third straight week as benign U.S. inflation data reduced expectations for a rate hike next month. However, weaker momentum in Middle East ceasefire talks lifted oil prices, adding a geopolitical offset to the risk-on tape.

Analysis

Global stocks stayed near record highs for a third straight week as benign U.S. inflation data reduced expectations for a rate hike next month. However, weaker momentum in Middle East ceasefire talks lifted oil prices, adding a geopolitical offset to the risk-on tape.

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Market Sentiment

Overall Sentiment

mildly positive

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