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Stocks gain on softer inflation, bank results while oil rises on US-Iran hostilities | live
By Sinéad Carew and Nell Mackenzie NEW YORK/LONDON July 14 (Reuters) - Shares were up modestly on Tuesday after softer than expected U.S. inflation data and strong second-quarter earnings from major banks, while oil prices rose for a second day as the U.S. and Iran battled for control of the Strait of Hormuz. The U.S. Consumer Price Index increased by a less than expected 3.5% in the 12 months through June after surging 4.2% in May.
By Sinéad Carew and Nell Mackenzie NEW YORK/LONDON July 14 (Reuters) - Shares were up modestly on Tuesday after softer than expected U.S. inflation data and strong second-quarter earnings from major banks, while oil prices rose for a second day as the U.S. and Iran battled for control of the Strait of Hormuz. The U.S. Consumer Price Index increased by a less than expected 3.5% in the 12 months through June after surging 4.2% in May.
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