Markets edge higher as Hormuz talks and inflation data loom
TL;DR Summary
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.
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