LONDON, March 11 (Reuters) - World stocks rose to their highest in just over a week on Thursday after a report on U.S. consumer prices calmed investor nerves about inflation and lifted the Dow Jones Industrial Average to a record close.
European stocks climbed, with the pan-European STOXX 600 index reaching a one-year peak and up 0.2% on the day. France’s CAC 40 index rose 0.14%, and Italy’s FTSEMIB 0.8%%. Britain’s FTSE 100 index fell 0.36% and Germany’s DAX traded flat.
MSCI’s All Country World Index, which tracks stocks across 49 countries, rose to its highest in just over a week, up 0.7% on the day.
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NEW YORK (Reuters) - The dollar fell to a one-week low on Thursday as the European Central Bank said it would keep a lid on borrowing costs and an auction of 30-year Treasury bonds was met with sufficient demand to help stabilize yields, giving a boost to riskier assets.
FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won
The ECB said it was ready to accelerate money-printing to keep eurozone yields down, signaling to skeptical markets it was determined to lay the foundation for a solid economic recovery.
World stocks rose to their highest in just over a week on Thursday after a report on U.S. consumer prices calmed investor nerves about inflation and lifted the Dow Jones Industrial Average to a record close.