Global Markets Cautious After US Inflation Data

Global markets are showing mixed signals today following higher-than-expected US inflation data. Asian markets are trading mostly higher, with Japan's Nikkei 225 up 1.1% and South Korea's Kospi gaining 0.52%. US stock futures are edging up slightly after Wednesday's selloff. The US 10-year Treasury yield holds steady around 4.62%. The dollar index remains flat while the euro gains on potential Ukraine peace talks. Oil prices have stabilized after sharp declines. Investors are now pricing in fewer Fed rate cuts this year, with the first cut expected only in December. Markets await US PPI data later today for further inflation insights.
Source: Moneycontrol, NDTV Profit, CNBC-TV18