Asian Markets Rally as Inflation Data Calms Rate Hike Fears

Brent crude settled at $87.03 per barrel, stabilizing after a mid-week decline despite the lingering threat of escalating tensions involving Iran. Traders have largely prioritized the surge in AI-driven momentum, finding comfort in recent quarterly reports that suggest tech giants are maintaining disciplined capital expenditure levels.

European indices are tracking higher, even as Nasdaq futures show a modest retreat. Charu Chanana of Saxo notes that the immediate pressure for a Federal Reserve rate hike has dissipated, though global headlines continue to dictate the rhythm of trading. Investors remain cautious, balancing the optimism of a softening monetary policy outlook against the unpredictable variables of international diplomacy.