Markets Focus On Earnings As Geopolitical Tensions Ease

India, April 23 -- Markets cheered the easing geopolitical tensions in the Middle East with a relief rally, while also keeping the spotlight on corporate earnings.

On the horizon are key economic data releases ranging from Australia's inflation update due later in the day, GDP update from the U.S. on Thursday, as well as the PCE-based inflation readings from the U.S. on Friday. Bank of Japan's interest rate decision is also due on Thursday.

Wall Street Futures are trading higher. European benchmarks rallied. Asian shares finished mostly higher.

Dollar Index edged down. Bond yields mostly eased. Crude oil prices edged lower. Gold tumbled as easing geopolitical concerns dampened safe-haven demand. Cryptocurrencies are trading mixed.

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