Global equities climbed on Friday after fresh inflation data came in softer than expected and raised the prospect of interest-rate cuts later this year. Investors responded to signs that price pressures may be easing, improving sentiment across major markets.

The rally followed remarks from the Federal Reserve and the European Central Bank that suggested policymakers are increasingly open to easing borrowing costs if inflation continues to cool. That shift bolstered hopes for a more supportive backdrop for growth-focused assets and riskier trades.

Shares advanced across the United States, Europe, and parts of Asia as traders priced in a better chance of monetary easing. Bond yields also moved lower in some markets, reflecting expectations that central banks could begin trimming rates after a prolonged period of restraint.

While markets welcomed the outlook, officials have not committed to any immediate move and remain focused on confirming that inflation is on a sustained downward path. For now, investors are treating the softer data as a sign that policy relief may be getting closer.