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Global stocks shrug off bond market angst over inflation

Reuters  |  LONDON 

By Marc JonesLONDON (Reuters) - Stocks and commodities steamed higher on Thursday, suddenly shrugging off the angst that has burst out in recent weeks over higher global borrowing costs on the back of rising inflation.Economists were struggling to explain the shift except for the argument that historically it's not unusual for stocks and bond market borrowing costs to rise in tandem with a rapidly expanding economy.Some just blamed the weather and time of year. They speculated that Wednesday's strong U.S. inflation data that many had predicted could reignite the rout was probably distorted ...

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First Published: Thu, February 15 2018. 18:57 IST