Ebbing Rate Hike Bets Lift Markets
rttnews·- Global markets improved as in-line U.S. consumer price inflation data for July led to reduced expectations for Federal Reserve rate hikes. - Wall Street futures and major European benchmarks traded mostly positive, while the dollar index and sovereign bond yields declined. - Crude oil prices fell by nearly 2 % due to lowered global demand outlooks by the International Energy Agency and unexpected U.S. inventory surges.