GLOBAL MARKETS - Stocks Climb on US Inflation Reading, Upbeat Earnings

GLOBAL MARKET - LONDON. A global equities gauge rallied on Wednesday while U.S. Treasury yields fell after data showed core U.S. inflation rose less than expected in December, raising hopes that the Federal Reserve could ease rates further.

Oil prices rallied with support from a large draw in U.S. crude stockpiles and potential supply disruptions from new U.S. sanctions on Russia. But oil gains were limited as U.S. and Qatar said negotiators reached a deal to end the war in Gaza between Israel and Hamas, after 15 months of bloodshed.