US Inflation Worries Dampen Fed Rate Hopes, Global Stocks Mixed

• Global stock markets showed mixed performance due to hopes for US Fed rate cuts clashing with persistent inflation concerns.
• The US PCE index, while cementing a near-term rate cut, indicated "sticky inflation," dampening optimism for future cuts.
• Netflix announced a takeover of Warner Bros. Discovery, a major entertainment consolidation, with Netflix shares down and WBD shares up.
• Asian markets saw gains, with Mumbai boosted by an Indian rate cut and Chinese AI chip maker Moore Threads soaring over 500% on its IPO.
• European insurer Swiss Re's shares fell over 6% after disappointing profit targets and share buyback plans.

Why It Matters: Market volatility due to inflation and major corporate deals affects your finances.