Markets edge higher as Hormuz talks and inflation data loom
TL;DR
Global stocks edged up as investors weighed the potential reopening of the Strait of Hormuz and rising inflation, ahead of July U.S. CPI data and Fed rate expectations, with oil prices holding near $85 a barrel and markets buoyed by strong earnings and a recent market high; regional indices rose modestly as traders monitor inflation trends and monetary policy, while yields drift higher and currencies remain broadly steady.
- Global stocks tick up with oil steady on Hormuz plans Yahoo Finance
- Oil prices jump, Wall Street and European shares under pressure with Hormuz, inflation in focus Reuters
- Oil prices slide toward weekly loss as Iran-Oman Hormuz talks stall qz.com
- Global stocks tick up with Hormuz and inflation in focus By Reuters Investing.com
- Goldman Sachs stays bullish on stocks, expects oil to soften below 70 dollars investingLive
Want the full story? Read the original reporting
Read on Yahoo Finance