Stocks rise globally on US inflation data, dollar strengthens, European markets struggle

From Investing.com: 2024-12-23 07:46:11

Global shares rose on Monday due to a U.S. inflation reading raising hopes for future policy easing, and relief over Washington avoiding a government shutdown. The dollar remains strong due to a robust economy and higher bond yields, putting pressure on commodities and gold. European markets struggle as investors flock to U.S. assets. The euro is at a two-year low against the dollar, with a 6.5% drop this quarter. Investors are wary of Trump’s trade threats. Political unrest in Germany and France contrasts with a strong U.S. economy, boosting the S&P 500 to record highs. Asian stocks climbed, with progress in a potential Honda-Nissan merger. MSCI All-World index is up 16% this year. Wall Street futures are up, expecting two rate cuts next year. Oil prices rise, but concerns over Chinese demand persist.



Read more at Investing.com: Stocks rally as investors cheer US inflation relief By Reuters