Crypto news, Reuters reported that on Wednesday, the MSCI Global Stock Index rose due to an unexpected decline in U.S. inflation data and strong earnings reports. Although tensions between the U.S. and Iran continued to escalate, oil prices pulled back. The U.S. Department of Labor said that in June, the Producer Price Index fell 0.3% month-on-month, below economists’ expectations. Meanwhile, the U.S. carried out another round of strikes on Iran’s coastal defense system and missile storage facilities, and Iran warned it would shut down energy exports from more regions. The Dow Jones Industrial Average rose by 172.89 points, up 0.33%; the S&P 500 rose by 12.74 points, up 0.17%; and the Nasdaq Composite rose by 86.70 points, up 0.33%.