On Wednesday (Feb. 17), global stock markets mostly retreated on profit-taking as investors remained cautious that a stimulus-led global recovery will eventually spark rising inflation. In the United States (US), Wall Street closed little changed for the second day on Wednesday. On the macro side, retail sales jumped 5.3% in January, comfortably beating the consensus of a 1.2% rise. However, Labor Department numbers showed producer prices surged 1.3% in January and jumped the most since December 2009.
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