GLOBAL MARKETS-Wall St climbs on cooler inflation, positive earnings ...Middle East

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GLOBAL MARKETS-Wall St climbs on cooler inflation, positive earnings
source : Devdiscourse ( Middle East ) () 60
World stocks extended gains on Friday while the dollar held near 15-month lows after U.S. inflation data this week unleashed a wave of investor optimism that the U.S. Federal Reserve was nearing the end of its rate-hiking cycle. Data showed on Wednesday U.S. consumer prices growing at their slowest pace in more than two years, and on Thursday the smallest increase in U.S. producer inflation in nearly three years. On Friday, the government reported that U.S. import prices dropped 0.2% last month, and U.S. consumer sentiment jumped to the highest level in nearly two years.

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