Stocks Stage Comeback as CPI Fuels Treasury Gains: Markets Wrap

The Irish Central Bank has raised its growth forecasts, indicating that the economy is showing resilience against headwinds from the US economic landscape. This adjustment reflects a positive outlook amid global uncertainties, particularly those stemming from the US market.

The U.S. is considering the reclassification of marijuana, which could significantly impact the cannabis industry. This potential change aims to align federal regulations with the evolving public perception and state-level legalization efforts surrounding cannabis use and sales.

The collapse of eFishery, once a promising unicorn in Indonesia's startup ecosystem, has raised concerns among investors, leading to a shift in focus towards financial discipline rather than ambitious promises. This failure reflects broader challenges within the Indonesian market.

Former President Donald Trump has signed an executive order aimed at easing federal regulations on marijuana, a move that has generated optimism within the cannabis industry. This decision is seen as a significant shift in the regulatory landscape, potentially leading to increased investment and growth opportunities in the sector.

U.S. stocks rose following a better-than-expected Consumer Price Index (CPI) inflation report, indicating positive market sentiment as discussed during Bloomberg's closing bell coverage. Analysts Romaine Bostick, Katie Greifeld, Carol Massar, and Tim Stenovec provided insights on the market's performance across various platforms.

Oil prices are on track for a second consecutive weekly decline, primarily driven by concerns over a growing global glut that is overshadowing potential supply disruptions. This trend reflects ongoing volatility in the oil market as traders react to changing supply dynamics.

Wealthy Australians are increasingly investing in private markets, a shift that is transforming how the nation's affluent accumulate wealth amid rising global credit risks. This trend reflects a growing confidence among high-net-worth individuals in alternative investment avenues as traditional markets face uncertainties.

Gold and silver prices are hovering near record highs, buoyed by slower-than-expected inflation data from the US, which has reinforced expectations for further interest rate cuts by the Federal Reserve. Platinum is also approaching a 17-year peak, indicating strong demand across precious metals.