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[Markets] GLOBAL MARKETS-Stocks rally, yields drop as U.S. CPI data calms investors Global stock markets rallied to new highs and bond yields slid on Thursday after a jump in U.S. inflation was viewed as insufficient to alter the Federal Reserve's easy monetary policy stance that rising consumer prices will be transitory. MSCI's global benchmark, the S&P 500 and a pan-European stock index surged after the U.S. Labor Department said the consumer price index in the 12 months ended in May accelerated 5.0%, the biggest year-on-year increase since August 2008. Published:6/10/2021 3:40:15 PM
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