Stock markets hit record highs after news of a fall in US inflation
by Phillip Inman and Julia Kollewe from Economics | The Guardian on (#6R2C4)
S&P 500 index of major US companies registers near 34% gain on year ago amid expectation of interest rate cuts
A fall in US inflation expected to pave the way for further cuts in interest rates pushed stock markets to record highs on Friday.
Ending a week of gains that began when the Chinese authorities approved a huge economic stimulus package, the S&P 500 index of major US companies soared above 5,750 to register a near 34% gain on a year ago.
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