Tech earnings strength offsets inflation worries

Rising U.S. inflation tied to fallout from the conflict involving Iran is adding uncertainty to the outlook for interest rates, oil markets and global supply chains, even as equity markets continue to climb. Investors are balancing geopolitical risks and elevated energy prices against resilient corporate earnings and renewed momentum in technology stocks. BNN Bloomberg spoke with Sadiq Adatia, chief investment officer at BMO Global Asset Management, who said markets appear increasingly confident the conflict will eventually stabilize, while strong earnings and improving sentiment toward U.S. technology stocks continue to support equities. Key Takeaways U.S. inflation rose 3.8 per cent annually…