NEW YORK/ MILAN, July 15 : MSCI's global equities index rose on Wednesday after a surprise drop in the U.S. inflation reading and a second day of strong earnings reports while oil futures turned lower even as U.S.-Iran hostilities showed no signs of abating. U.S. producer prices were softer than expected i

Stocks rose after a report showed U.S. inflation was not as bad last month as economists expected

NEW YORK/LONDON July 14 : Shares were up modestly on Tuesday after softer than expected U.S. inflation data and strong second-quarter earnings from major banks, while oil prices…