Global stock markets mostly gained on Wednesday (Aug.11), with United States (US) stocks extending a bullish run after tame inflation data eased concerns about sooner-than-expected tapering by the Federal Reserve. The headline consumer price inflation rose 0.5% month-on-month or 5.3% year-on-year, which was in line with market expectations, reinforcing the central bank’s narrative that any spike in inflation would be transitory and due to effects of economic reopenings. 

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