Global Stocks Up as Oil Falls

Global markets were positively affected by the decline in oil prices and bond yields, amid hopes of reopening the Strait of Hormuz soon, following Iran's resumption of talks with Oman regarding the management of navigation through the strait. Brent crude fell by more than 2% to $86.45 per barrel, marking the lowest level for the third consecutive session, which helped ease inflation expectations. Markets are also preparing for Nvidia's Q2 earnings results, with expectations of an 82.8% increase in revenue, amid anticipation of US inflation indicators and interest rate data. Meanwhile, markets are aiming for stability in energy prices and technology stocks.

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