America bowed down as global financial markets posted their third weekly rise

America bowed down as global financial markets posted their third weekly rise

Although US Treasury rates were seen increasing, global markets saw a rise on Friday, with the S&P 500 breaking the 5,000 barrier for the first time as US inflation statistics reinforced the likelihood of an interest rate drop this year.

Global markets saw a rise on Friday as the highly anticipated rate decrease this year was reinforced by statistics on US inflation and the rise in carefully monitored US Treasury rates. The S&P 500 achieved its first crossing of the 5,000-point mark.

Global stocks increased on Friday, as US inflation statistics increased hopes of an interest rate decrease this year and US Treasury rates were seen climbing. The S&P 500 crossed the 5,000 mark for the first time.

The dollar dropped 0.06%, reversing previous gains.

This week, oil LCOC1 increased due to worries about the Middle East's conflict intensifying after Israel turned down a cease-fire offer from Hamas.

brings up a new tab For the third week in a row, the MSCI All Country Stock Index (.MIWD00000PUS) increased by 0.4%.

Wall Street's stock markets were in a positive mood, as seen by the S&P 500 index (.SPX), which opened a new page and surpassed 5,000 points thanks to significant rises in megacap firms like Nvidia (NVDA.O).

Following news from Reuters that it was creating a new business unit, the chip manufacturer saw a record high.

"With a key technical level surpassed today, the new closing high above $5,000 bodes well for the moderate to long term," said Larry Tantarelli, chief technical strategist of the well-known Daily Trend Report in North Andover, Massachusetts. "The arrangement of very strong corporate earnings, strong employment data, excellent GDP data and falling inflation is a fantastic backdrop for equities going forward."

According to statistics released on Friday, US monthly consumer prices increased less in December than first anticipated, while underlying inflation increased somewhat. The revised statistics did not influence the assumptions around adjustments to central bank rates.