🔺Global markets wavered between inflation and war; oil rose

▪ U.S. stock markets on Tuesday rose on better-than-expected inflation data: the S&P 500 index increased by more than 0.38%, Nasdaq recorded a 0.9% gain, and the Dow Jones remained nearly unchanged.

▪ Asian markets on Wednesday jumped on the same inflation news. European markets, however, were falling in early trading on Wednesday; the FTSE London fell by more than half a percent and Germany’s DAX dropped by 0.9%.

▪ Most major stock exchanges in the Persian Gulf rose in early trading, with the cancellation of a plan to collect shipping fees from the Strait of Hormuz, along with an unexpected decline in U.S. inflation, among the main factors. Accordingly, Dubai’s stock index rose by 1% and Abu Dhabi’s index by 1.4%.