Markets Rise on Hopes of Slowing Inflation and Fed Rate Hikes

European markets closed higher as US inflation slows, reducing expectations of continued Fed rate hikes.
Wall Street also rose after producer price data indicated declining US inflation.
Oil prices saw gains, while the euro reached a six-day positive streak against the dollar.
Corporate earnings were mixed, with Delta revising profit forecasts up and Casino reporting losses.
Markets expect more gains ahead of US bank earnings reports and hopes of reduced Fed tightening.