Energy Markets
Global stocks hold gains after in-line US CPI
The?global stock market held onto its gains on Wednesday, after U.S. data on inflation came in as expected. Oil?prices also edged up after a senior Iranian official said that there had been no talks with Washington about extending the ceasefire. According to a survey of economists, the Consumer Price Index rose 0.1% in July after falling 0.4% in June. The annual CPI inflation rate slowed from 3.5% to 3.4% a month ago. Richard Carter, Head of Fixed Interest Research at Quilter-Cheviot, said that "the market should react positively to the latest inflation figures, given Kevin Warsh's unwillingness to provide much...