- Dow Jones Industrials, S&P 500 close at record highs
- MSCI World index hits fresh record
- Dollar, Treasury yields edge higher
- Gold holds above $1,750 level
- Oil prices fall
NEW YORK, Aug 12 (Reuters) – Global stock markets hit record highs on Thursday while the dollar and U.S. Treasury yields edged higher, building on recent strength, as the debate continued over when the Federal Reserve will start to ease stimulus.
Data on Wednesday hinted that U.S. inflation may have peaked, reassuring investors that the Federal Reserve will not feel obligated to hasten plans to rein in emergency-level support of the economy. read more
However, data on Thursday showed U.S. producer prices registered their largest increase in more than a decade. read more
Overall, investors appeared to believe the possibility of near-term tapering was receding.
“There continue to be indications that this spike in inflation is temporary. I don’t think we’re in a period…