Today’s Global Markets: American Stock Market Soars in Anticipation of Inflation Data

Stock Markets Surge in Anticipation of Inflation Data Release: US and International Markets

Investors are eagerly anticipating the upcoming release of inflation data, which could provide insights into when the Federal Reserve might begin cutting interest rates. On Wednesday, US stocks saw a surge in anticipation of this release, with the Dow Jones Industrial Average up by 307 points, or 0.8%, and the S&P 500 rising by 0.6%. The Nasdaq composite also saw an increase of 0.3%.

Shares of Trump Media & Technology Group saw an impressive 18.6% jump, while Merck climbed 4.9% following the federal approval of its Winrevair treatment for adults with pulmonary arterial hypertension. Robinhood Markets also surged 3.5% after revealing its first credit card. The 10-year Treasury yield slightly decreased to 4.22% from 4.23% on Tuesday.

In European markets, most stock indexes saw gains, with Britain’s FTSE 100 falling slightly by just over half a percent and France’s CAC 40 rising by just over half a percent and Germany’s DAX edging up by just over one percent respectively. In Asian markets, Hong Kong’s Hang Seng Index declined by around two percent and China’s Shanghai Composite fell by around one percent while Japan’s Nikkei 225 rose by around one percent respectively . The Japanese yen reached its weakest level in about three years against the US dollar, dipping to around $151.97 early on Wednesday in Tokyo .

Brent crude futures for May dropped by almost one percent to $85.66 a barrel and the more actively traded June contract decreased by almost one percent to $85

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