Global equities markets firmed on Wednesday ahead of key U.S. economic data due later in the week as investors weighed inflation concerns and a fresh surge in so-called “meme stocks.” Oil prices hit the highest level in more than a year on lift from a decision by OPEC and allies to stick to the plan to gradually restore supply, along with the slow pace of nuclear talks between Iran and the United States. Wall Street’s main indexes ended the session mixed after erasing earlier gains near midday trading led by a jump in shares of AMC Entertainment Holdings, which nearly doubled in price on Wednesday.

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