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Global Stocks Rise Ahead of U.S. Inflation Data

Stocks on the New York Stock Exchange rose on Thursday ahead of the release of U.S. consumer price data later in the day. S&P 500 futures gained 0.3%, as did those on the Dow Jones Industrial Average and the Nasdaq 100.

In Europe, the Stoxx 600 index rose 0.7%. The MSCI Asia Pacific Index jumped by 1.1% while the MSCI Emerging Markets Index gained 0.8%. Banking stocks largely fell, with Barclays Plc slumping by 3.8% amid easing volatility and peaking interest rates. In aviation, budget carrier EasyJet Plc fell after the airline announced that it would order 157 Airbus SE A320neo jets with an option to add 100 more.

With the focus shifting toward Thursday’s upcoming consumer price data, economists are expecting the report to show that inflation is continuing to cool. Still, minutes from the Federal Reserve’s last meeting showed that policymakers are still inclined to maintain a more restrictive monetary policy over the foreseen future.

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