Global Stock Markets Hover as ECB and Fed Decisions Loom
World stock markets remained near all-time highs with little movement in the euro or dollar following the ECB's decision to maintain interest rates. U.S. inflation data saw modest upticks, creating anticipation for potential Federal Reserve rate cuts. Oracle shares, geopolitical tensions, and commodity fluctuations influenced market behavior.
World stock markets remained close to record levels on Thursday, as currencies like the euro and the dollar showed little reaction following key announcements from major financial institutions.
The European Central Bank's decision to keep its rates steady at 2% was expected, although traders await signals for future rate cuts from ECB President Christine Lagarde. Meanwhile, U.S. consumer price inflation reported a subtle rise, keeping stock markets stable.
Oracle's significant share leap influenced positive momentums, as Wall Street projected further highs. Investor focus remains on forthcoming U.S. Federal Reserve decisions amid geopolitical issues and market fluctuations. Other economic developments include Turkey's substantial rate cut and Treasury yield movements in reaction to auction patterns.
(With inputs from agencies.)
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