Global stock markets experienced their strongest rally in months today, with major indices posting substantial gains as investors responded positively to encouraging inflation data.
The Dow Jones Industrial Average closed up 2.3%, while the S&P 500 gained 2.8% and the NASDAQ surged 3.1%. European markets followed suit, with the FTSE 100 rising 1.9% and the DAX climbing 2.4%.
The rally was triggered by the latest Consumer Price Index report, which showed inflation rising at its slowest pace in over a year. This has renewed optimism that central banks may be able to ease their aggressive interest rate policies sooner than anticipated.
Analysts are cautiously optimistic about the trend, though they warn that one month of data doesn’t necessarily indicate a sustained downward trajectory for inflation.
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