Stocks buoyant as investors bank on rate cuts

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Key Points

LONDON SYDNEY (Reuters) Global shares were buoyant on Friday after U.S. consumer price data contained no nasty surprises, keeping intact hopes of central bank rate cuts in coming months...

With investors now betting on both the U.S. Federal Reserve and the European Central Bank lowering borrowing costs in June, Europes Stoxx 600 index rose 0.4% in early dealings, extending a record high...

Futures trading implied Wall Streets S&P 500 stock index, which also hit a record in the previous session, would open slightly higher later in the day...

U.S. personal consumer expenditures (PCE), the Feds preferred gauge for inflation, rose 2.4% in January from the same month a year ago, the smallest annual increase in three years, data on Thursday showed...

The 10-year Treasury yield, which moves inversely to the price of the debt and functions as a benchmark for debt costs worldwide, inched 2 basis points (bps) higher to 4.27% after falling in the two previous sessions...

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