Markets Stall as Investors Await Key Inflation Data
TL;DR Summary
Global stocks rebounded on Friday, with MSCI's global equities index rising 0.57% after a modest rise in U.S. inflation data for April. The dollar and Treasury yields fell, suggesting potential for future Fed rate cuts. The Dow Jones and S&P 500 saw gains, while the Nasdaq Composite slightly declined. European stocks also rose, despite higher-than-expected euro zone inflation. Oil prices dropped ahead of an OPEC+ meeting, and gold fell but was on track for a monthly gain.
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