Finance

Market probabilities for a 25-basis-point interest rate increase at next week's policy meeting surged above 80% following the latest economic releases. Although headline figures matched projections, core CPI edged up 0.3% for the month, proving slightly stickier than initially expected.

Global energy markets experienced a minor reprieve as West Texas Intermediate fell back toward the $100-per-barrel mark, and Brent crude dropped below $104 per barrel. This slight decline eased immediate macroeconomic anxieties, though prices remain historically elevated due to ongoing geopolitical tensions in the Middle East.

Shares of the enterprise software giant initially jumped more than 4% before tracking higher by over 7% in intraday sessions following strong financial results. The firm outperformed expectations for both quarterly revenue and adjusted earnings per share, driven primarily by robust cloud computing demand.