Stocks climbed to a record as an in-line US inflation reading eased price concerns and bolstered bets on a Federal Reserve interest-rate cut in September.
The MSCI All Country World Index rose 0.2% to an all-time high, tracking Wall Street’s surge to fresh peaks, as money markets nearly priced in a full 25 basis point Fed reduction next month. A gauge of Asian shares gained 1% as the Nikkei-225 hit a record while Taiwan was heading to a peak. Shanghai stocks jumped to their highest level since December 2021.
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