Stocks rise on US inflation data, China stimulus; yields dip

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Key Points

NEW YORK/LONDON (Reuters) Global stock indexes hit all-time highs on Friday after Chinas central bank lowered interest rates and injected liquidity into its banking system and U.S. inflation continued to ease, while Treasury yields dipped...

Europes benchmark STOXX 600 index rose to a record high, and the Dow and the MSCI global stock index also hit record intraday highs...

The Dow Jones Industrial Average rose 440.07 points, or 1.04%, to 42,615.40, the S&P 500 advanced 6.86 points, or 0.12%, to 5,752.23 and the Nasdaq Composite fell 51.73 points, or 0.28%, to 18,138.56...

Chinas central bank lowered interest rates and injected liquidity into the banking system, and more fiscal measures are expected to be announced before week-long Chinese holidays starting on Oct. 1...

Markets had been largely expecting a win for hardline nationalist Sanae Takaichi, a vocal opponent of further interest rate hikes, pricing in loose monetary and fiscal policies and a weaker yen over the past week...

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