Asia Closes Higher, Europe Markets Trade In Green As Inflation Eases – Global Markets Today While US Was Sleeping
On Tuesday, November 14th, the U.S. stock markets closed sharply higher, driven by inflation data that was milder than anticipated, bolstering beliefs that the Federal Reserve might have finished increasing interest rates.
In economic data, the U.S. annual inflation rate slowed to 3.2%, down from 3.7% in September and August, slightly below the market forecast of 3.3%.