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Global Stocks Rise in Anticipation of U.S. Inflation Data

Global stocks continued to advance on Wednesday, with Wall Street joining the trend as investors hope for a resilient economy and a slower pace of interest rate hikes in the U.S.

Stock tickers
Stock tickers

The U.S. Consumer Price Index (CPI) due on Thursday could greatly influence the Federal Reserve's thinking, and the dollar remains steady while gold remains flat after reaching an eight-month peak.

Copper and Crude Oil Prices Climb in Response to Chinese Demand

Copper prices hit above $9,000 a tonne for the first time since June, as hopes of a rebound in Chinese demand after the country lifted COVID-19 restrictions drive up prices. Similarly, crude oil prices also rose after overcoming early losses.

Equities Rise in Europe and Asia as Investors Bet on Shallow Economic Recession

The MSCI all-country stock index was up 0.16%, continuing the year's gain of nearly 3%. Investors hope to avoid a repeat of last year's market rout and anticipate a shallow or even avoided economic recession. The STOXX index of 600 companies in Europe rose 0.5% to levels last seen in the middle of 2022. In Asia, the MSCI index of Asia-Pacific shares outside Japan also rose by 0.2%, and Japan's Nikkei index gained 1%.