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Wall Street calms, and stocks hold steadier after US inflation data comes in less bad than expected
Stocks stabilized as U.S. inflation in June came in lower than expected at 3.5%, reducing pressure on the Federal Reserve to raise interest rates. However, oil prices rose due to Middle East tensions, and market focus shifts to upcoming earnings reports.
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- Oil prices and stocks hold steadier as calm returns to financial markets worldwide
- Oil prices and stock markets worldwide hold steadier as AI stocks climb
- US inflation fell more than expected to 3.5% in June as petrol prices tumbled
- Inflation cools to 3.5% in June in relief brought by brief US-Iran deal
- Iran deal, inflation, AI all pull markets in different directions