Inflation Angst Lifts Stocks but Reins Back Dollar

Inflation Angst Lifts Stocks but Reins Back Dollar
The London Stock Exchange Group offices in the City of London, Britain on Dec. 29, 2017.(Toby Melville/Reuters)
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LONDON—World markets stayed focused on rising inflation on Thursday as tech stocks rebooted global equities, oil and gas prices fired up again but the dollar and benchmark government bond yields both stalled.

Record high Chinese factory gate inflation data overnight following stronger-than-expected U.S. CPI figures on Wednesday meant the price pressure theme was very much alive but the reaction from traders was looking more nuanced.