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4 Min Read LONDON (Reuters) - Global stocks hit record highs on Friday, as tech shares on Wall Street cheered receding U.S. inflation fears, with the lack of inflation pressure keeping bond yields near two-week lows. FILE PHOTO: A trading screen is seen following the opening of the markets by British Chancellor of the Exchequer Philip Hammond and Chinese Vice-Premier Hu Chunhua at the London Stock Exchange in London, Britain June 17, 2019. REUTERS/Henry Nicholls/Pool Federal Reserve Chair Jerome Powell reiterated late on Thursday that inflation was not a worry, following data showing an unex...

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.

But energy stocks rally on surprise OPEC decision

Tech shares are vulnerable because their lofty valuation has been supported by expectations of a prolonged period of low interest rates.

Investors watching US Federal Reserve’s Powell for any signs that the central bank is planning to pull back stimulus.