Surge in US Stocks as Inflation Data Eagerly Awaited; Global Stock Markets Mixed: A Market Update

US stocks surge before release of inflation data in today’s world markets

Investors were eagerly anticipating the upcoming inflation data, and on Wednesday, US stocks experienced a surge. The Dow Jones Industrial Average rose by 307 points (0.8%), the S&P 500 by 0.6%, and the Nasdaq composite by 0.3%. Shares of Trump Media & Technology Group saw an impressive 18.6% increase, while Merck saw a 4.9% climb following federal approval of its Winrevair treatment. Additionally, Robinhood Markets introduced its first credit card and experienced a 3.5% surge in stock price.

The yield on the 10-year Treasury slightly decreased to 4.22%, while European stock markets mostly showed positive movements. However, Asian stock markets reported declines, with Hong Kong’s Hang Seng Index dropping by 1.4%, China’s Shanghai Composite shedding 1.3%, and Japan’s Nikkei 225 rising by only 0.9%. The Japanese yen hit a low against the US dollar at a level not seen in over three decades, and Brent crude futures for May dropped by 0.7% to $85.66 a barrel, indicating that investors were cautiously navigating through this complex economic landscape.

Despite these negative movements in some markets, gold prices saw an increase on Wednesday as well. Spot gold rose by an impressive percentage of about 0

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