Economy
US stocks rally as inflation cools and euro holds four-month highs
US stocks rallied as February’s inflation data came in lower than expected, boosting hopes for Federal Reserve rate cuts later this year. The S&P 500 gained 0.7%, while the Nasdaq 100 jumped 1.5%. Meanwhile, the euro held at a four-month high.
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Europe News
Commission defends EU digital markets rules in the face of US attacks
In a letter seen by Euronews and sent to the US Congress, Vice-presidents Teresa Ribera and Henna Virkkunen defend EU digital legislation, which they claim applies to companies regardless of where they are located. It comes a day after MEPs also wrote to US authorities justifying DMA’s enforcement.
