US Stocks Eye CPI Data Amid Geopolitical Tensions and Weaker Dollar

Global stock indices are experiencing a relief rally as a retreating US Dollar eases pressure during a relatively calm trading session. However, market gains remain capped by a looming Tuesday evening deadline for a potential US-Iran deal. Heightened geopolitical risks persist as the Iranian regime reportedly rejects peace terms, potentially sparking renewed market volatility. Investors are also shifting their focus toward Friday’s US Consumer Price Index (CPI) data release. This inflation report will be critical for market participants to gauge the likelihood of imminent interest rate hikes by the Federal Reserve. The combination of geopolitical uncertainty and high-impact macro data continues to dictate the cautious sentiment across major benchmarks like the S&P 500 and Dow Jones.