Inflation angst lifts stocks but reins back dollar

  • Treasury yield curve flattens; dollar rally pauses
  • Fed speakers, U.S. bank earnings and PPI data awaited
  • China manufacturing sector inflation hits record high
  • Oil and gas prices rising again
  • World stock markets climb

LONDON, Oct 14 (Reuters) – 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 read more 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.

The dollar, which has been driven to a more than 1-year high this week by growing bets on a U.S. interest rate rise in 2022, eased for a second day in a row along with the 10-year U.S. treasury yield which tends to drive global borrowing costs.

Europe’s STOXX 600 index (.STOXX) also…

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