Today’s Global Markets: American Stock Market Soars in Anticipation of Inflation Data

On Wednesday, US stocks experienced a surge in anticipation of the upcoming release of inflation data. Investors are particularly interested in the US core personal consumption expenditure (PCE) price index data for February, as it could provide insights into when the Federal Reserve might begin cutting interest rates.

As of 9:40 a.m. Eastern time, the Dow Jones Industrial Average was up by 307 points, or 0.8%, and shares of Trump Media & Technology Group saw an 18.6% jump. Meanwhile, Merck climbed 4.9% following the federal approval of its Winrevair treatment for adults with pulmonary arterial hypertension. In addition to this news, Robinhood Markets surged 3.5% after revealing its first credit card, while the S&P 500 had risen by only 0.6%.

The 10-year Treasury yield slightly decreased to 4.22% from 4.23% on Tuesday in anticipation of the inflation data that was about to be released later that day. European markets also saw gains, with Britain’s FTSE 100 falling slightly by only 0.2%, France’s CAC 40 rising by just under half a percent and Germany’s DAX edging up by almost two percent due to investors being optimistic about global economic growth prospects and trade deals being reached between major economies such as China and the United States which is expected to boost exports and drive demand for goods and services globally as well as increasing foreign investments into these countries economies which would lead to more job creation opportunities and higher wages for workers there .

In Asian markets, Hong Kong’s Hang Seng Index declined by around one percent while China’s Shanghai Composite fell by around one percent as well but Japan’s Nikkei rose by around one percent due to investors being optimistic about global economic growth prospects and trade deals being reached between major economies such as China and the United States which is expected to boost exports and drive demand for goods and services globally leading to more job creation opportunities

By Sophia Gonzalez

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