Global markets rise despite oil and rate pressures

Global stock markets showed cautious optimism on Wednesday, with European and Asian indices mostly rising despite persistent inflation concerns and climbing oil prices. The CAC 40 in Paris opened up 0.21%, while Frankfurt and London gained 0.69% and 0.79% respectively, as investors weighed mixed economic data. Tokyo's Nikkei closed 1.94% higher at 66,753 points, supported by strong tech stocks, while Hong Kong and Shanghai also advanced. This came as markets digested China's new stimulus measures for its economy and property sector, alongside encouraging manufacturing data. However, Seoul's Kospi fell 0.48%. Oil prices continued rising, with Brent crude up 0.53% to $103.13 per barrel, while US Treasury yields hit multi-decade highs, with the 30-year bond reaching 5.62%. Investors now await key US inflation data due Wednesday, which could influence the Federal Reserve's rate decision on October 28.