AI-related optimism strengthened following Anthropic's planned IPO, which could value the company at up to $1.4 trillion. European markets also moved higher, with the STOXX 600 gaining around 0.7%, while South Korea's Kospi advanced 2.6%.
Despite the recovery, inflation remains a major concern. U.S. consumer prices increased 0.4% in October, exceeding economists' expectations and raising the probability of a 0.25% Federal Reserve rate hike in December to approximately 90%. Investors remain focused on balancing strong AI-driven growth against the risks of tighter monetary policy.