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Global Markets: Stocks extend record run; bond yields up, euro at 3-yr high

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - A key global stock index was on track for an eighth week of gains on Friday and U.S. stocks rose amid a rally in bank shares and strong U.S December retail sales data, while a robust U.S. inflation report boosted Treasury yields.Underlying U.S. consumer prices posted their biggest gain in 11 months in December, bolstering expectations about a pickup in domestic inflation and about Federal Reserve interest rate hikes this year."One of the things that's been driving the market is an expectation that inflation may start to pick up or at least ...

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First Published: Fri, January 12 2018. 22:38 IST