World stocks hit record high as bond yields ease By Reuters – Investing.com

World stocks hit record high as bond yields ease By Reuters – Investing.com

© Reuters. A man walks past a stock quotation board at a brokerage in Tokyo

By Kevin Buckland TOKYO (Reuters) -Global stock markets rose to a record high on Wednesday as bond yields eased after data showed U.S. inflation was not rising wildly as the economy reopens. Most Asia-Pacific share indexes followed Wall Street higher, with Hong Kong's leading gains in the region, while benchmark U.S. Treasury yields continued their decline, marking a fresh three-week low. pointed to a further 0.1% rise. Japan bucked the trend, with the falling 0.3% as rising coronavirus cases raised doubts about its economic recovery with 100 days to go until Tokyo is scheduled to host the Olympics. European stocks looked set to open modestly higher, with Euro Stoxx futures up 0.3% and futures 0.1% higher. The U.S. consumer price index rose 0.6%, the biggest increase since August 2012, as rising vaccinations and fiscal stimulus unleashed pent-up demand. But the data is unlikely to change Federal Reserve Chair Jerome Powell's view that higher inflation in coming months will be transitory. Powell is scheduled to speak later in the day at the Economic Club of Washington. "The market clearly braced for higher