Global equities rose and oil prices dipped on Wednesday as traders eyed talks to end the Iran war and U.S. data showing only a slight rise in inflation damped some expectations for a Federal Reserve rate hike. U.S. consumer prices increased 0.1% in July, in line with expectations, which could weaken the argument for an interest rate increase from the Federal Reserve next month. MSCI's gauge of stocks across the globe rose 0.37% to 1,154.92, while Brent crude futures fell 0.26% to $88.68 per barrel and U.S. crude fell 0.49% to $82.79. The yield on benchmark U.S. 10-year notes fell 1.81 basis points to 4.666%, and spot gold rose 1.61% to $4,436.99 an ounce.
