GLOBAL MARKETS-Stocks rally, yields drop as U.S. CPI data calms investors [Reuters]
SOCIETE GENL FRNCE S/ADR (SCGLY)
NASDAQ:AMEX Investor Relations:
societegenerale.com/en/investors
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Source: Reuters
By Herbert Lash 4 Min Read (New throughout, updates prices, market activity and comments to gold, oil settlement) * MSCI’s ACWI, S&P 500, pan-Europe index set record highs * ECB maintains stimulus at latest meeting * Benchmark Treasury yields slides to 3-month low NEW YORK, June 10 (Reuters) - Global stocks rallied to new highs and bond yields slid on Thursday after a jump in U.S. inflation was viewed as insufficient to alter the Federal Reserve’s easy monetary policy stance that rising consumer prices will be transitory. MSCI’s global benchmark, the S&P 500 and a pan-European stock index surged after the U.S. Labor Department said the consumer price index in the 12 months ended in May accelerated 5.0%, the biggest year-on-year increase since August 2008. The report was largely in line with expectations, said Subadra Rajappa, head Of U.S. rates strategy at Societe Generale in New York. “The market is really buying into the narrative that the rise in inflation is in fact transient bec
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