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Global stocks climb, shrugging off inflation data; dollar falls

Reuters  |  NEW YORK 

By Herbert LashNEW YORK (Reuters) - World equity markets surged anew on Thursday as investors shrugged off the latest sign of rising U.S. inflation, while strong global growth weighed on the dollar and pushed it to a 15-month low against the Japanese yen.U.S. producer prices accelerated in January, according to a Labor Department report that offered further evidence of growing inflation pressures in the world's largest economy.The report came on the heels of data on Wednesday showing a broad increase in U.S. consumer prices last month. Faster inflation, which reduces the return of fixed ...

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First Published: Fri, February 16 2018. 03:31 IST
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