Global Markets Ride High Amid U.S. Inflation Cooldown and Trade Tensions

Global stock markets rose as U.S. inflation cooled in February, though concerns lingered over President Trump's tariff policies. Oil prices climbed on tighter inventories, while currency changes reflected mixed economic signals. Tariff uncertainties kept investors cautious, impacting commodity prices including gold and oil.

Global stock markets experienced gains on Wednesday as U.S. Inflation showed signs of cooling in February, providing some relief to investors. However, these gains were tempered by ongoing concerns regarding U.S. President Donald Trump's tariff policies and the potential impact on global economic growth.

Oil prices closed higher amid reports of slower stockpile builds, while the euro dipped slightly after reaching a five-month high earlier. The U.S. Department of Labor reported a 2.8% annual rise in the Consumer Price Index for February, slightly below the 2.9% forecasted by economists, indicating cooling inflation.

Wall Street showed a mixed response to the economic data, with the Dow Jones Industrial Average losing points, while the S&P 500 and Nasdaq Composite saw gains. Investor sentiment remained cautious due to uncertainty over future trade policies, and the potential inflationary effects of tariffs, which led to fluctuating yields in Treasury notes.

(With inputs from agencies.)