Tech stocks rally as inflation cools

The latest US inflation data came in in line with expectations and reinforced the view that the Federal Reserve is likely to keep interest rates unchanged in September. The S&P 500 and the Nasdaq Composite both finished the day in positive territory yesterday, with technology stocks leading the gains. Earlier in Europe, equities eased as investors balanced earnings releases with ongoing geopolitical developments. Oil markets are weighing up the escalating tensions in the Middle East against softer global demand expectations from both OPEC and the IEA. Tim Gagie, Head of FX Advisory in Geneva, joins the show today to...