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Asian shares edged higher but held their recent trading range on Thursday as investors focussed on U.S. inflation data and the risk of an upside surprise that could prompt the Federal Reserve to start tapering its massive stimulus. ....
1/3 A man wearing a protective mask, following the coronavirus disease (COVID-19) outbreak, looks at a screen showing Nikkei index outside a brokerage in Tokyo, Japan November 5, 2020. REUTERS/Kim Kyung-Hoon/File photo Read More Global shares hovered near a record high and the dollar also held steady on Thursday, eyeing U.S. inflation data for any sign the Federal Reserve could start tapering its massive stimulus. Risk assets have remained buoyant in recent weeks as central bankers on both sides of the Atlantic signal their willingness to keep the monetary taps on until the post-pandemic recovery takes hold, believing inflationary pressures to be short-lived. ....
Global stocks surged and bond yields were subdued on Thursday after a jump in U.S. inflation was seen as not enough to change the Federal Reserve's view that rising consumer prices will be transitory or alter its easy monetary policy. ....