Global stock markets closed mixed on Wednesday (May 26), with United States (US) stocks moving cautiously higher as investors continue to assess prospects for robust growth. Investors are getting more confident the Federal Reserve (Fed) would keep monetary policy accommodative despite rising inflation. Meanwhile, new jobless claims and personal consumption expenditure (PCE) inflation due later in the week will provide an update on the labor market and price pressures. Cyclical stocks were among the best performers. 

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