Global Markets Rally on Tech Optimism as U.K. Inflation Risks and Rising U.S. Mortgage Rates Loom | MarketReader Minute
Global stocks climbed as strong tech earnings expectations lifted the Nasdaq, led by Nvidia and Broadcom. U.K. producer prices surged 4% in April, reigniting inflation concerns, while U.S. mortgage rates hit a seven-week high of 6.56%, worsening affordability and slowing homebuyer demand.