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US, European stocks push higher as inflation eases | The Malaysian Insight

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US, European stocks push higher as inflation eases

The Nikkei 225 index sinks more than 2% on the prospect of higher borrowing costs before paring the losses by the close on Friday. – EPA pic, July 29, 2023.

WALL Street rebounded yesterday and eurozone stocks edged higher on data showing easing inflation, while the yen yo-yoed after Japan’s central bank tweaked its ultra-loose monetary policy. The Dow added 0.5%, while the broader S&P 500 climbed 1.0% and the tech-heavy Nasdaq Composite Index jumped 1.9%.

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