Tech Sector Dip-Buying Lifts Global Equities as Fed Rate Hike Expectations Persist

Global stock markets experienced gains, particularly in the technology sector, driven by dip-buying activity. This occurs as bond markets show weakness, influenced by the ongoing anticipation of Federal Reserve interest rate increases to combat inflation. Upcoming U.S. consumer price data is expected to confirm elevated inflation, partly due to rising energy costs, further solidifying rate hike prospects.