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GLOBAL MARKETS-World stock markets hit two-week high as inflation worries ease

U.S. initial jobless claims less than expected Graphic: World FX rates tmsnrt.rs/2egbfVh (Updates to open of U.S. markets, changes byline, dateline; previous LONDON) NEW YORK, March 11 (Reuters) - A gauge of global stocks rose for a third straight session on Thursday to hit its highest level in two weeks, as a dip in government bond yields helped ease inflation worries and provided a boost to stocks. Euro zone bond yields fell after the European Central Bank said it was ready to accelerate money-printing to keep a lid on euro zone borrowing costs, using its 1.85 trillion Pandemic Emergency Purchase Program (PEPP) more generously over the coming months to stop any unwarranted rise in debt financing costs.

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