Global stock markets mostly gained on Thursday (June 10), with United States (US) stocks rising after a key US Consumer Price Index (CPI) report for May signaled that the inflation pressures are likely to be temporary. Consumer prices in the world’s largest economy rose the most since August 2008, and the annual core inflation hit a near 30-year high, but a closer look showed that much of the spike came from items such as used cars and trucks, commodities, and airfares mostly due to the low base effect caused by Covid-19.

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