Global stock markets rose on Wednesday, buoyed by hopes of peace talks between the United States and Iran. Chinese chipmaker CXMT saw its shares soar 465.82% on its stock market debut, briefly becoming China’s largest company with a market cap of $484 billion. The U.S. Federal Reserve faces growing pressure to raise interest rates at its Wednesday meeting, with traders now pricing in a 33% probability of a hike. Brent crude fell to $89 per barrel after surpassing $100 last week.
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